Vodafone

Vodafone

Vodafone posts 3.3% rise in Q1 revenue as Europe returns to growth

Vodafone posts 3.3% rise in Q1 revenue as Europe returns to growth

23/7/2021 10:17:00 AM

Vodafone posts 3.3% rise in Q1 revenue as Europe returns to growth

LONDON: Mobile operator Vodafone reported a better-than-expected 3.3 per cent rise in first-quarter service revenue on Friday (Jul 23), including ...

BookmarkLONDON: Mobile operator Vodafone reported a better-than-expected 3.3 per cent rise in first-quarter service revenue on Friday (Jul 23), including a one-off gain of around 1.0 percentage point following COVID-19 disruption last year.Chief Executive Nick Read said the company was back to service revenue growth in Europe as well as Africa.

15 F&B outlets ordered to shut for breaching safe distancing measures, allowing unvaccinated patrons to dine in COMMENT: Illiterate? Singapore MPs need to be schooled on Parliament Covid-19: 934 new locally transmitted cases; 1 cluster discovered at Sembcorp Marine Admiralty Yard

AdvertisementAdvertisement"This growth was broad-based within both Consumer and Business segments, with the vast majority of our markets contributing," he said.Analysts on average expected a rise of 1.4 per cent.Vodafone said it maintained momentum in its biggest market Germany, with growth accelerating to 1.4 per cent against 1.2 per cent in Q4, while both Britain and Spain returned to quarter-on-quarter growth as COVID-19 restrictions eased.

Continued price competition in Italy resulted in a 3.6 per cent decline in service revenue against a 7.8 per cent decline in the previous quarter.AdvertisementAdvertisementVodafone said it was on track to deliver its full-year targets of 15.0-15.4 billion euros in adjusted earnings and adjusted free cash flow of at least 5.2 billion euros. headtopics.com

Read more: CNA »

Covid-19: People with positive rapid-test result to self-isolate for 3 days; test kits at 100 vending machines from Sept 18

Vantage Towers Q1 revenue in line, confirms guidanceBERLIN: Vantage Towers, the telecoms towers business spun off and floated by Britain's Vodafone , on Thursday reported growth in first-quarter ...

Stocks and oil climb as risk appetite returns despite Delta fearsStocks and oil rose while bond yields eased on Wednesday as risk appetite returned, despite fears about rising cases of the Delta coronavirus ...

Twitter beats revenue targets with ad improvements, shares jump 7per cent:Twitter Inc on Thursday reported higher revenue growth than Wall Street had expected, as the social media platform rolled out ad targeting ...

Twitter beats revenue targets with ad improvements, shares jump 5%Twitter on Thursday (Jul 22) reported higher revenue growth than Wall Street had expected, as the social media platform rolled out ad targeting ...