Wednesday, 19 September 2018

Vodafone takes another haircut in Europe, expects lower 2015 earnings

By Nick Wood, Total Telecom
Tuesday 20 May 14

CEO Colao upbeat on mobile giant's emerging market performance; hints again at U.K. fixed-line launch.

Europe once again weighed on Vodafone's full-year results, as group revenue declined and earnings were hit by another multi-billion pound writedown. In the year ended 31 March, the U.K.-based operator generated service revenues of £39.5 billion, down 4.3% on an organic basis from the year before, while earnings before interest, tax, depreciation and amortisation (EBITDA) fell 7.4% to &pound…

Europe once again weighed on Vodafone's full-year results, as group revenue declined and earnings were hit by another multi-billion pound writedown. In the year ended 31 March, the U.K.-based operator generated service revenues of £39.5 billion, down 4.3% on an organic basis from the year before, while earnings before interest, tax, depreciation and amortisation (EBITDA) fell 7.4% to &pound…

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