Carphone Warehouse 2008 Annual Report Download - page 14

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Delivering on our
broadband promises
The major achievement of the last 12 months has been the material uplift in UK Fixed Line
profitability from migrating customers onto our own highly efficient network.
Summary 2007/08
•Continued strong growth in revenues and earnings
• Total telecoms subscription connections* up 13%
• 267net new stores opened
• Over 2.7m UK broadband customers
• 1.8m customers unbundled, equivalent to 67%
of the broadband customer base
• Continued investment in broadband infrastructure
Headline Financials**
*Telecoms subscription connections represent combined mobile and fixed line subscription connections.
**Headline information is shown before amortisation of acquisition intangibles and goodwill expense, and before reorganisation costs. A full reconciliation between
Headline and statutory information, together with an explanation of different terms used within the Annual Report, is provided in note 10 to the financial statements.
2008 Highlights
2 The Carphone Warehouse Group PLC Annual Report 2008
Revenue
£4,474m
2007: £3,992m
Revenue up 12%, reflecting continued connections
growth and expansion of the broadband base
EBITDA
£466m
2007: £294m
EBITDA up 59%, as broadband moves strongly into profitability
Profit Before Tax (PBT)
£216m
2007: £123m
PBT growth of 75%, driven by the benefits of migrating
customers onto our own telecoms network
Earnings Per Share (EPS)
20.1p
2007: 11.8p
Headline basic EPS up 70%, reflecting the strong rise in Headline
PBT and the continued benefit of a low effective tax rate