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Vodafone Ireland almost exactly balanced out by 18,000 increase of contract customers and 1,000 rise in number of fixed

byCustoms Today Report
27/07/2015
in Uncategorized
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DUBLIN: However, this was almost exactly balanced out by an 18,000 increase of contract customers and a 1,000 rise in the number of fixed line broadband consumers.

The performance was improved compared to the quarter beforehand, when revenue declined by 6.4pc.

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The figures came as the Vodafone group reported an acceleration in its main quarterly sales growth this morning as a cable TV acquisition in its biggest market Germany lifted sales and consolidated the overall return to growth for the British firm.

The world’s second-largest mobile operator said first-quarter organic service revenue grew 0.8 percent, ahead of the 0.1 percent it recorded in the fourth quarter and better than most analysts had expected.

Group revenue for the quarter edged down 0.9 percent to £10.11bn from last year on a reported basis, but was up 3.3 percent on an organic basis.

“Our emerging markets have maintained their strong momentum and more of our European businesses are returning to growth, as customer demand for 4G and data takes off,” Chief Executive Vittorio Colao said.

The group reiterated its outlook for the full year.

Vodafone shares rose 4.2pc this year through Thursday. They last traded at 231.95 pence in London for a market capitalization of £61.5bn.

Tags: Vodafone

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