Trending: Vodafone's 1Q Service Revenue Rose, Backs Full-year Outlook
24 Julho 2023 - 6:49AM
Dow Jones News
0918 GMT - Vodafone is among the most mentioned companies across
news items over the past three hours, according to Factiva data.
The U.K.-based telecommunications company said Monday that revenue
for the three months ended June 30 was 10.74 billion euros ($11.95
billion), down from EUR11.28 billion a year prior, but ahead of
market expectations and reflective of the sale of the Hungary and
Ghana subsidiaries. Service revenue grew 3.7% on an organic basis,
with improvements across Europe driven by the U.K., and
better-than-feared key performance indicators in the major market
of Germany. "There is potential for further improvement in the
second quarter, given further back-book price rises in Germany and
further contributions in business-to-business in Southern Europe,"
Citi analysts say in a research note. Vodafone further reiterated
its fiscal 2024 guidance, expecting adjusted earnings before
interest, taxes, depreciation and amortization to be roughly flat
at around EUR13.3 billion. The company also named Luka Mucic as
incoming chief financial officer, starting from September. Shares
at 0900 GMT were up 3.24 pence, or 4.4% at 76.75 pence. Dow Jones
& Co. owns Factiva. (joseph.hoppe@wsj.com)
(END) Dow Jones Newswires
July 24, 2023 05:34 ET (09:34 GMT)
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