Mobile phone retailer Carphone Warehouse today said third quarter trading was stronger than anticipated, and upgraded its full year profit expectations.
The British retailer, which manages customer accounts for mobile networks as well as selling mobile phone accessories and phone connections, said revenues in its retail and distribution operations grew by 27.7% on a like-for-like basis.
It said subscription connections, which are more lucrative than pre-pay sales, saw growth of 30% to 690,000.
Carphone has more than 500 stores and expects to increase that number to some 650 in the next 18 months.
The group's telecoms services division, which manages accounts for phone networks, grew fixed line revenues by 47.8% to £63.1m.
Carphone said the outlook for the retail business remained positive, with good market conditions in the last six months likely to continue into 2004.
