Friday, 26 April 2019

Revenues slip but Vodafone sees reasons to be cheerful in Europe

By Chris Kelly, Total Telecom
Friday 25 January 19

Improving conditions in Spain and Italy, coupled with a number of new synergies in the UK, mean that Vodafone has reiterated its full year projected targets, despite falling revenues in Q3

Vodafone Group has reported revenues of €10.9 billion for the last quarter of 2018, down €800 million on a year-on-year basis.  Vodafone pointed to the adoption of the IFRS15 financial reporting criteria, the sale of its business unit in Qatar and challenging foreign exchange rates.  Despite the fall in revenues, Vodafone said that it was seeing an improvement in performance in its European operations as competition in Spain and Italy eased…

Vodafone Group has reported revenues of €10.9 billion for the last quarter of 2018, down €800 million on a year-on-year basis.  Vodafone pointed to the adoption of the IFRS15 financial reporting criteria, the sale of its business unit in Qatar and challenging foreign exchange rates.  Despite the fall in revenues, Vodafone said that it was seeing an improvement in performance in its European operations as competition in Spain and Italy eased…

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