Carphone Warehouse sticks to full-year guidance despite falling sales

Carphone Warehouse announced today a 3.1 per cent like-for-like revenue increase in the third quarter.

Europe's biggest independent mobile phone retailer suffered further losses in the pre-pay phone market but managed to achieve a sixth quarter of like-for-like revenue growth.

The London-listed group's Virgin Mobile France saw revenue decline year-on-year by 15.6 per cent, reflecting a lower customer base. The company expects the year-on-year decline to reduce in the fourth quarter.

Andrew Harrison, CEO, said:

We remain focused on our multi-channel customer journey, on driving 4G penetration and continuing to make good progress in our partnership relationships and our Connected World Services business. We are reiterating the full-year earnings guidance we gave in November.

Carphone Warehouse reiterated its full-year guidance of earnings before interest and tax (Ebit) of £140m to £160m and earnings per share of 17p to 20p.