Aug 24, 2017

Dixons Carphone warns on profit as mobile sales hit

The owner of Carphone Warehouse and Dixons has warned that more expensive mobile phone handsets and lower EU roaming charges will hurt its profits. Dixons Carphone said it expected pre-tax profits this year of £360m to £440m, down from £501m last year. The retailer said customers were not upgrading their phones as frequently because handsets had risen in price. It also predicted it would take a hit from the EU scrapping roaming charges for people using mobile phones abroad. Chief executive Seb James said in an unscheduled statement that the market for contract mobile phones had become "More challenging" in recent months. The fall in the pound had made handsets more expensive and innovation of phones has been "Incremental", Mr James said.

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