Dixons Carphone hails ‘terrific’ first year results

Dixons Carphone hails ‘terrific’ first year results

Dixons Carphone has reported its first year results, with the roll-out of its store in store initiative contributing to a strong UK performance.

The results mark the first year of trading from the company, following the merger of Dixons and Carphone Warehouse. Dixons Carphone saw revenue increase by 7% to generate £6.4m in the UK, reflecting the performance of its Carphone Warehouse store in stores, which contributed 1% of its 8% like on like revenue growth for the year.

The company’s mobile results reported competitive post-pay values and market share, which it claims was driven by the fall of Phones 4U coupled with a number of product launches.

The uptake of 4G across the networks was a contributing factor for Dixons Carphone, claiming it improved customer experience and boosted data usage, with its iD mobile network so far generating a ‘very promising’ response.

Dixons Carphone’s Connected World Services (CWS) also achieved strong results, generating a revenue of £130m, up from £78m the previous year. The announcement follow on from the division’s recent agreement with Sprint, which will see Dixons Carphone run 450 retail stores in the US.

CEO Sebastian James hailed Dixons Carphone’s maiden year: ‘This has been a terrific first year for Dixons Carphone. We have seen excellent increases in both sales and profitability and we have made very encouraging progress with the tricky job of integrating these two great companies.

The job is far from done. I am acutely aware that there is no room for complacency in a sector which has seen unprecedented change, bringing both opportunities and challenges. We have set ourselves ambitious goals, not only financial, but also in terms of driving customer happiness, building a completely integrated company and delivering a brand new global services business with CWS.’

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