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Carphone Warehouse meets outlook, forecasts further growth

2013-06-26 09:59:00| Telecompaper Headlines

(Telecompaper) Carphone Warehouse has reported results for its fiscal year to March in line with its guidance from April as well as announced the completion of its takeover of the rest of its retail business from Best Buy. In addition the company announced new partnerships to expand its footprint with Media Market/Saturn in the Netherlands and develop the Connected World shop-in-shops with the Metro retail group in Germany. At its main retail business CPW Europe, annual revenue was up 11.5 percent to GBP 3.694 billion, driven by postpay growth in the UK and the dealer businesses, particularly in Germany. Adjusted EBIT rose slightly to GBP 136.6 million from GBP 135.0 million a year earlier, in line with its guidance of 135-145 million. Group adjusted EPS was down slightly to 12.3 pence from 12.6 a year ago due to the share issue for the acquisition, but in line with the outlook. Following the completion of the acquisition of Best Buy's 50 percent of CPW Europe, group CEO Roger Taylor was named deputy chairman, and CPW Europe CEO Andrew Harrison becomes group CEO and joins the board. For the current year, Carphone expects the European market to remain challenging, but will continue to focus on postpay growth and build on demand for tablets and the expansion of 4G services for handset replacements. This should drive continued like-for-like revenue growth. Overall adjusted EBIT is expected to reach GBP 140-160 million for the year, while headline EPS is forecast at 17-20 pence.

Tags: growth meets warehouse outlook

 

Large Format Printing Meets a Mobile Workforce

2013-06-26 04:35:40| Location-Based Services (LBS) Zone

Large Format Printing Meets a Mobile Workforce: Canon Solutions America Explains How AEC Professionals Can Create a Flexible, Mobile Workflow

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Communications and Security Plug-In meets OPC UA standards.

2013-06-25 14:28:22| Industrial Newsroom - All News for Today

KEPServerEX v5.12 features Security Policies Plug-In and updated User Manager settings allowing only intended users to receive access to server runtime through trusted client applications. Administrators can provide access permissions at group level or restrict read, write, or browse access. Software adds Allen-Bradley Micro800 Serial and Ethernet drivers, plus includes updates to DataLogger Plug-In, Siemens TCP/IP Ethernet Driver, and DNP Master Serial and Ethernet drivers. This story is related to the following:Communication Systems and EquipmentSearch for suppliers of: Data Security Software | Software | Communication Networks |

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Obama Meets Indian-American Business Leaders On Immigration

2013-06-25 12:11:46| Furniture - Topix.net

US President Barack Obama met a group of top business executives, including two Indian-Americans, to discuss the landmark comprehensive immigration reform bill that aims to provide citizenship to some 11 million illegal immigrants, including over 240,000 Indians.

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Recyclable Packaging Solution meets fresh market needs.

2013-06-21 14:26:27| Industrial Newsroom - All News for Today

Offered in Flexible version for vacuum pack base webs as well as Semi-Rigid and Rigid versions for modified atmosphere base webs, Packpyrus consists of thermoformable, cellulose-based packaging solutions for fresh market. Oxygen barrier makes this product suitable for pre-sliced products such as meat or cheese. Packpyrus Flexible and Rigid also offer optimized life cycle performance and use renewable fibers. This story is related to the following:Green & CleanSearch for suppliers of:

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