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Trading statements

Vodafone revenue rises

21 July 2017 07:16

Vodafone reported that organic service revenue grew 2.2% in the quarter to 30 June.

HIGHLIGHTS

- Organic service revenue grew in Europe 0.8% (1.8% ex regulation), AMAP 7.9%

- Good momentum in Europe: robust growth in Italy and Spain, similar underlying trends in Germany, UK recovering

- Acceleration in AMAP: Vodacom 5.6% (International 7.9%), Turkey 13.9%

- India (-13.9%*) stabilising quarter-on-quarter, as low-end share gains mitigate continued unitary price declines

- Sustained data growth of 63%; 'more-for-more' propositions stabilising consumer ARPU in Europe

- Continued momentum in fixed: 300,000 broadband net adds

- Enterprise up 1.5%, led by share gains in fixed and ongoing success in IoT (up 15.1%)

Story provided by StockMarketWire.com

Related Company: VOD

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