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Vodafone's growth improves in first quarter

Vodafone's growth improves in first quarter

Yahoo24-07-2025
LONDON (Reuters) -Vodafone reported a 5.5% rise in organic service revenue in the first quarter, a slight increase on the previous quarter, with Germany showing an improved trajectory and positive outcomes in Britain, the rest of Europe, Turkey and Africa.
The mobile operator also said on Thursday it was reiterating its full year guidance of growth in profit and cash flow.
Chief Executive Margherita Della Valle has reshaped the British group in the last two years by selling operations in Spain and Italy and merging its UK operations with those of CK Hutchison to create "VodafoneThree".
Analysts have applauded Della Valle's actions, which have reduced debt and sharpened Vodafone's operational performance. Its shares are up 22% so far this year.
"After two years of transformation and change, Vodafone is now well positioned for multi-year growth across both Europe and Africa," Della Valle said.
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