A push on high-end smartphones and strong UK performance has led Carphone Warehouse Group to post an increase in like for like sales of 10.6%.
The retailer released its first quarter interim management statement this morning for the quarter ending 29 June. It highlighted UK contract sales as particularly strong, although the challenges hitting the group's French business is continuing to drag down sales. Excluding the French market, sales would have increased by 13.2%. Total connections were up 6.0% to 2.1 million. Sales were £816m, up 5.2% on the previous year.
The retailer is set to have its annual general meeting today (24 July), when Andrew Harrison will step up to become group CEO and former group chair Roger Taylor will become deputy chairman. Roger Taylor said: 'We have enjoyed a good first quarter with strong like-for-like revenue and connections growth, and we are reiterating the guidance we gave when we presented our final results for 2012-13 in late June. Postpay sales in the UK were particularly strong, continuing the momentum of the previous quarter, as our offers and service continue to resonate with the customer.
He added: 'We believe the group is well positioned following the strategic moves we have made and we are focused on replicating the UK’s operational execution across Europe and bringing our Connected World capabilities to other business partners, including our recently announced partnerships with Media Markt/Saturn and Metro Group.'
Author: Graeme Neill