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    DC.   GB00B4Y7R145

DIXONS CARPHONE PLC

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Dixons Carphone : Britain's BT to pull out of retailer Dixons Carphone

09/11/2020 | 12:01pm EDT

LONDON, Sept 11 (Reuters) - Britain's BT said on Friday its mobile network EE would not renew its contract with retailer Dixons Carphone, and would instead focus on its own online and retail channels.

"After more than 20 years of close partnership, we have taken the hard decision to not renew our EE Mobile contract with Dixons Carphone, and shift our focus and investment to growth in our own stores and online channels," BT said in a statement.

"This has not been an easy decision to take and follows many months of challenging discussions and negotiation."

A spokesman for Dixons Carphone said its contract with EE to sell pre and post-pay plans would come to an end this month but current customers would be unaffected.

"We are well underway with our strategy of moving to a new, more flexible and transparent mobile offer that gives better value to our customers, and this offer is set to launch early next year," the spokesman said.

In April, Britain's O2 mobile network also cut ties with Dixons Carphone after it failed to agree a partnership deal. (Reporting by Paul Sandle, editing by Louise Heavens)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BT GROUP PLC 2.70% 205.6 Delayed Quote.51.38%
DIXONS CARPHONE PLC -0.86% 127.4 Delayed Quote.10.97%
All news about DIXONS CARPHONE PLC
05/31MARKET CHATTER : BT Pays $211.4 Million Under Carphone Warehouse Contract Withdr..
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05/13DIXONS CARPHONE  : Plans Name Change to Currys
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05/13DIXONS CARPHONE  : Four brands become One. Currys
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05/07DIXONS CARPHONE  : boosts minimum hourly pay rate for UK frontline colleagues by..
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05/03WH SMITH  : Mulls Buying Dixons Carphone's Airport Stores To Expand InMotion
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04/28DIXONS CARPHONE  : to close all Dixons Travel airport stores
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04/28DIXONS CARPHONE  : Sees 14% Like-for-Like Electricals Revenue Growth in Year to ..
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04/28Dixons Carphone to repay UK government COVID-19 support
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More news
Financials
Sales 2021 10 441 M 14 533 M 14 533 M
Net income 2021 -19,1 M -26,5 M -26,5 M
Net Debt 2021 1 291 M 1 798 M 1 798 M
P/E ratio 2021 -87,2x
Yield 2021 0,88%
Capitalization 1 486 M 2 071 M 2 068 M
EV / Sales 2021 0,27x
EV / Sales 2022 0,28x
Nbr of Employees 32 500
Free-Float 93,8%
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Technical analysis trends DIXONS CARPHONE PLC
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 146,18 GBX
Last Close Price 128,50 GBX
Spread / Highest target 40,1%
Spread / Average Target 13,8%
Spread / Lowest Target -45,5%
EPS Revisions
Managers and Directors
NameTitle
Alexander Lewis Baldock Group Chief Executive Officer & Director
Jonathan Peter Mason Group Chief Financial Officer & Director
Ian Paul Livingston Non-Executive Chairman
Mark Allsop Chief Operating & Digital Officer
Gerry Murphy Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
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