Tuesday, November 10, 2015
Vodafone Predicts Further Performance Improvement
Vodafone CEO Vittorio Colao said: "Service revenue in Europe declined 1.3% in H1, reflecting continued competitive pressures in a number of markets. However, revenue trends continue to improve, with Q2 service revenue down 1.0%* (Q1: -1.5%), the fifth consecutive quarter of easing rates of decline... and Southern Europe in particular showed a strong rate of recovery"
Vodafone said the overall performance of the group in the first half of the current financial year has been in line with its expectations, and it expects revenue and profitability trends to improve in the second half. source: Vodafone presentation
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