Vodafone suffers huge net loss on Germany hit but raises full-year outlook
14 Articles
14 Articles
Vodafone Germany still broken, but CEO Della Valle spotlights ...
Vodafone Group chief Margherita Della Valle is urging investors to look beyond another gloomy set of German numbers, arguing that B2B growth, improving broadband economics, and a leaner operating model provide evidence that the long-promised turnaround is taking shape beneath continued ‘disappointing’ performance.
Vodafone loses 4,790 million because of the deterioration of 4,850 million in Germany, but raises the expected adjusted profit to between 13.2 and 13.4 billion.The entry Vodafone's results: the million-dollar losses in Germany but increases forecasts aparece primero en Merca2.
The British group Vodafone, the third largest telecom operator in Romania, reported revenues of 21.9 billion euros in the first half of the current fiscal year, rising by 11.4% compared to the same period last year, supported by the strong growth of revenues from services and the strengthening of the activities of Safaricom, VodafoneThree and Telekom Romania.
Vodafone chief satisfied with H1 despite German woes
Vodafone Group CEO Margherita Della Valle provided a positive outlook on its performance in fiscal H1 and early progress in a €2 billion cost-cutting drive, though it continued to face issues in Germany where it booked a €4.9 billion impairment. The company unveiled its latest cost-cutting drive in May, with a target of saving €2 billion in annual gross costs in Europe and shared operations by FY30. In FY27 H1, the company delivered over €200 mi…
On Tuesday, the British telecommunications group Vodafone announced a heavy net loss in the first half of its off-set fiscal year, notably marked by a depreciation in Germany, but raised its annual targets thanks to the increase in its activity.
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