Vodafone Q1 revenue rises, appoints new CFO

(Sharecast News) - Telecoms giant Vodafone said first-quarter group service revenue rose 3.7%, helped by its UK operations. The company on Monday said revenue for the period came in at €10.7bn from €9.5bn a year earlier. Britain increased by 6.5%, while Germany, Spain and Italy narrowed falls.

It also reiterated full-year guidance of adjusted EBITDAaL of around €13.3bn and adjusted free cash flow of €3.3bn.

The company added that it had appointed former SAP chief financial officer Luka Mucic to the same role at Vodafone, starting on September 1.

Reporting by Frank Prenesti for Sharecast.com