Vodafone ups earnings guidance after it returns to growth in second quarter


FILE PHOTO: Different types of 4G, 5G and data radio relay antennas for mobile phone networks are pictured on a relay mast operated by Vodafone in Berlin, Germany April 8, 2019. REUTERS/Fabrizio Bensch/File Photo

LONDON (Reuters) – Vodafone (VOD.L), the world’s second largest mobile operator, increased its full-year earnings guidance, reflecting improving organic growth trends as difficult markets in Spain and Italy start to ease and it integrates its German cable acquisition.

The company reported organic service revenue growth of 0.3% in the first half, as it returned to growth in the second quarter, and forecast adjusted core earnings for the year of €14.8-€15.0 billion, up from its previous forecast of €13.8-14.2 billion.

Reporting by Paul Sandle; editing by Kate Holton

Products You May Like

Articles You May Like

NBA notebook: Portland reportedly will guarantee Anthony’s deal
Nunes, top intelligence panel Republican, had frequent contact with Giuliani, call records show
Labor group accuses Google of illegally firing workers to stifle unionism
Conservative lead over Labour narrows to 12 points – Ipsos MORI poll
Hungary’s government plans to tighten control over theaters

Leave a Reply

Your email address will not be published. Required fields are marked *