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Service revenue – i.e. excluding sales of end devices such as cell phones and tablets – declined on a comparable basis in the first business quarter (end of June) by 1.3 percent, as the company announced on Friday in London. But that was in line with your own expectations, it said. In recent quarters, however, Vodafone has had a strong upward trend with growth rates of 1.6 percent recently.
All in all, Group revenues slipped 1.4 percent to EUR 10.51 billion. Adjusted for sales and purchases and exchange rate fluctuations, it would even have been a minus of 2.8 percent. Significant declines occurred particularly in the countries of Italy, Spain and Great Britain, which were hard hit by the pandemic. In Germany, Vodafone’s largest single market, however, the proceeds remained stable on their own. Including the effects of the takeover of the cable provider Unitymedia, sales in Germany rose by a quarter.
Vodafone only reports sales figures for the first quarter. The company maintains the annual forecast.
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