Vodafone Says Germany Will Return to Growth This Year
- Vodafone reported falling into a pre-tax loss of £1.4 billion for the year ending March 2025, mainly due to underperformance in its German business.
- This loss followed a £3.8 billion impairment charge triggered by new German legislation limiting TV contracts in apartment blocks, impacting about four million customers.
- Despite the setback, Vodafone's CEO Margherita Della Valle has reshaped the group, improving operational performance and overseeing asset sales in Spain and Italy and a UK merger.
- The group posted adjusted core earnings of £10.9 billion and service revenue growth of 2.8% to £30.8 billion, with expectations of returning to revenue growth in Germany during 2025.
- Vodafone's transformation positions it for multi-year growth amid market challenges, with planned UK merger completion and continued focus on overcoming intensified competition.
22 Articles
22 Articles
kreiszeitung.de
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Vodafone eyes German turnaround despite big TV subscriber loss
Vodafone expects a return to revenue growth in Germany this year, despite a 5% drop in service revenue for the fiscal year ending March 2025, primarily driven by the loss of 3 million TV subscribers. This decline followed regulatory changes that ended bulk TV contracts in multi-dwelling units and a shrinking broadband customer base due to price hikes. Source: Vodafone eyes German turnaround despite big TV subscriber loss
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