The Phones 4U Christmas boom
The retailing division of Phones 4u Finance plc, Phones 4u, one of the UK's leading mobile phone retailers, today publishes a trading update for the month of December 2012. Total sales for the period were £121.6m, up 23.3% compared with December 2011, with like-for-like sales up 15.8%. For the full year total sales were up 20.7% with full-year like-for-like sales up 11.9%. Online sales continue to grow strongly with revenue up 47.3% in December year-on-year and up 73.2% for the full year.
The strong growth is primarily driven by contract volumes which were up 34.8% year-on-year in December and up 26.8% for the full year.
Tim Whiting Group Chief Executive said:
"Phones 4u is focused on giving customers excellent choice and value, and we continue to trade well in challenging market conditions. Our impressive Christmas numbers are reflective of consistently strong performance throughout 2012 as we continue to grow market share, especially amongst customers looking for the latest high-end smartphones purchased on contracts.
"It is the knowledge and experience of our 6,000 staff and their commitment to give outstanding service that has delivered these results. At a time of continued economic uncertainty, it is more important than ever that we give our customers clear advice on the next generation of smartphones and technology."
Nice to see business is so good in the mobile space.
Posted by: James