Carphone Warehouse 2003 Annual Report Download - page 2

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Financial highlights 2003 2002
£m £m
Turnover 1,841.5 1,152.7
Turnover (ex Wholesale) 1,034.9 809.7
EBITDA* 90.0 72.8
Profit before tax* 57.0 46.8
Headline earnings per share* 5.25p 4.41p
Earnings (loss) per share 2.60p (3.39)p
EBITDA represents earnings before interest, taxation, depreciation and amortisation.
*Headline figures are stated before exceptional items (operating exceptionals, and
non-operating exceptionals and amounts written off fixed asset investments) and
amortisation of goodwill.
Stores by country
Ireland 29
United Kingdom 475
Belgium 41
France 169
Switzerland 21
Spain 130
Portugal 44
Netherlands 80
Germany 81
Czech Republic 19
Sweden 51
Financial Calendar
3 June Results announcement
2 July Ex-dividend date
4 July Record date
4 August Dividend payment date
Operational highlights
Strong growth in profits and earnings per share
Continued market share growth across Europe
Total connections of 4.36 million
Growth in high quality subscription
connections of 8%
Acquisition of Opal Telecom and entry into
residential fixed line market
Recurring revenues generating 50% of
total contribution
Mainland European contribution up by 49%
The Carphone Warehouse is Europe’s leading
independent retailer of mobile phones and services,
with over 1,100 stores in 11countries
Contents
1Chairman’s Statement
2Chief Executive’s Review
4Operating and Financial
Review
10 Corporate Responsibility
12 Board of Directors
13 Directors and Advisors
14 Corporate Governance
16 Remuneration Report
20 Directors’ Report
21 Statement of Directors’
Responsibilities
21 Independent Auditors’
Report
22 Consolidated Profit and
Loss Account
22 Consolidated Statement
of Total Recognised Gains
and Losses
23 Consolidated Balance Sheet
24 Company Balance Sheet
25 Consolidated Cash Flow
Statement
26 Notes to the Financial
Statements
39 Five Year Record
40 Notice of Annual General
Meeting