Latest news with #CK Hutchison
Reuters
24-07-2025
- Business
- Reuters
Vodafone's growth edges higher in first quarter as Germany improves
LONDON, July 24 (Reuters) - Vodafone (VOD.L), opens new tab 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. Vodafone shares, up 22% so far this year, were flat in early trading. "After two years of transformation and change, Vodafone is now well positioned for multi-year growth across both Europe and Africa," Della Valle said. Vodafone has, however, struggled in Germany, its biggest market, since it was tripped up by a change in the rules on selling cable TV to apartments. While first-quarter organic service revenue growth in Germany fell 3.2%, this was an improvement on the previous quarter's 6.0% decline. Della Valle said in May she expected Germany to return to revenue growth this year. VodafoneThree started operating on June 1 and is now fully consolidated in the group's results. Vodafone's full-year guidance includes the impact of the merger. It said it expected to report core earnings of between 11.3 and 11.6 billion euros ($13.3-$13.6 billion) and adjusted free cashflow of 2.4 to 2.6 billion euros. First-quarter core earnings rose 4.9% on an organic basis to 2.7 billion euros. ($1 = 0.8506 euros)
Yahoo
24-07-2025
- Business
- Yahoo
Vodafone's growth improves in first quarter
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.
