Money: Dixons Carphone posts slump in mobile phone sales - PressFrom - United Kingdom
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MoneyDixons Carphone posts slump in mobile phone sales

16:10  05 september  2019
16:10  05 september  2019 Source:   cityam.com

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Dixons Carphone plc is a multinational electrical and telecommunications retailer and services company Carphone Warehouse – mobile phone retailer. Currys – specialises in home electronics and Team Knowhow (rebranded from Knowhow in July 2017) – a provider of after sales product

Retail giant Dixons Carphone has warned that more expensive mobile phone handsets will hurt its profits ( ). Shares in Dixons Carphone plunged by as much as 30% earlier as it stunned the City with a shock warning of a slump in sales . The electricals retailer warned shoppers are holding on to their

Dixons Carphone posts slump in mobile phone sales © Getty

Dixons Carphone posted a double-digit drop in mobile phone sales during the last quarter, but said today that it was still on track to meet its financial guidance for the year.

The consumer electronics giant, which has been hit by a growing volume of customers keeping their handsets for longer and going for SIM-only deals rather than long-term contracts with a specific network, reported a 10 per cent drop in like-for-like mobile phone sales in its UK & Ireland markets during the 13 weeks to 27 July.

The group said the fall was in line with its plan, in “what continues to be a challenging traditional postpay market”.

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Electricals and mobile phone retailer Dixons Carphone today reported a slump in first-half profit, hurt by a weak mobile market as customers hold on to handsets for longer. The group trades as Currys, PC World and Carphone Warehouse in Ireland and the UK

Dixons Carphone CoE. Původem jsme z Velké Britanie, kde provozujeme retailové služby v oblasti prodeje elektroniky. Dixons Carphone plc is Europe's leading specialist electrical and telecommunications retailer and services company.

Dixons, which revealed huge losses of £259m in July and warned of “more pain” to come in its mobile phone division earlier this summer, said today that it was on track to meet its commitments, both in terms of trading this year and its longer-term transformation.

Dixons Carphone posts slump in mobile phone sales © Getty

Shares in the group have plunged more than 30 per cent in the last 12 months, with the changing nature of mobile phone habits putting the firm’s finances under strain.

Despite the slump in its home market, Dixons enjoyed a four per cent rise in like-for-like revenue overall, bolstered by higher sales in the Nordics and in Greece.

A strong performance in white goods, tablets and gaming helped deliver a two per cent revenue rise in electrics in the uK & Ireland, despite a slight fall in large screen TV sales compared with gains made as a result of last year’s World Cup.

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At Carphone Warehouse we have great deals and offers on all mobile phones . With the widest choice of networks and handsets, there is a device for everyone. Contract phones - Our pay-monthly smartphones offer you the best mobile experience with the cost spread out over 24 months.

Shares in Dixons Carphone , Britain’s biggest electrical and mobile phone retailer, slumped almost 20% as it reported a big fall in The group, which owns Currys, PC World and Carphone Warehouse, said it had been hit by a growing trend among consumers to delay upgrading their mobile phones .

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Boss Alex Baldock said in a statement: “The current political and economic climate is volatile but, assuming no material disruption from that, we stand by our full year guidance.”

He added: “We remain committed to growing Electricals sales and headline profits in UK & Ireland and International this year, and to this being the trough year for mobile losses.”

The group will publish its interim results on 12 December.

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