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Q4 Sales Up 3 Percent Reports Carphone Warehouse Group

A three percent rise in Q4 retail sales was posted by the UK’s Carphone Warehouse on Monday and followed with saying that their full year result was ahead of their expectations reports an article over on the WSJ.

Carphone Warehouse core retail business, Carphone Warehouse Europe comprises of a fifty percent stake in Best Buy Europe which is Carphone Warehouse’ joint venture with the United States and a 47.5 percent share in Virgin Mobile France.

Charles Dunstone, the chairman of Carphone Warehouse said “The macro environment will undoubtedly present challenges but we are well positioned in each of our businesses.”

Carphone Warehouse Europe Q4 sales rose three percent on a constant currency basis while connections in Q4 fell some 2.9 percent to 2.86 million down from 2.94 million.

Fiscal full year earnings prior to interest and tax rose to £114 million up from £97 million the previous year with year on year margin improvement and group earnings per share rose between 8p and 8.4p from 4p the previous year.