Vodafone sales in Germany, Spain and Italy offset UK billing problems

By Real GDPR

Telecoms giant Vodafone revealed better than expected Q1 results in Europe despite huge problems it has had in the UK with its billing systems.

Another potential stumbling block has been lower roaming fees introduced by the European Union, but strong sales in Germany (+1.6 percent), Italy (+1.2 percent) and Spain (+1.3 percent) have been welcomed. UK sales dropped by 3.2 percent, but the overall picture for Europe shows a growth of 0.3 percent.

Vittorio Colao, Group Chief Executive, commented: "We continued to make good progress during the first quarter. In Europe, our growth remains stable despite regulatory pressure on roaming revenue, with good performance in Germany, Spain and Italy while we are focussed on improving our performance in the UK.

“Our growth momentum in AMAP remains strong, with excellent performance in South Africa, Turkey and Egypt and ongoing recovery in India. Customers in multiple markets are attracted by our ‘more-for- more’ commercial offerings of larger data bundles and extra services, while we are seeing continued success with our fixed broadband and enterprise strategies."

Turkey is the standout performer for Vodafone, with sales growing by an impressive 19.5 percent. 

Read the July EURO 2016 issue of Business Review Europe magazine. 

Follow @BizReviewEurope

Share

Featured Articles

Top 10 fastest-growing Indian companies in the UK

Business Chief takes a look at the top 10 fastest-growing Indian companies in the UK, according to the India Meets Britain Tracker from Grant Thornton

Top 10 workplaces prioritising people and planet in the UAE

Sustainable, flexible, collaborative, tech-driven, and amenities-rich, the office of the future considers both people and planet – here are 10 in the UAE

Top 10 female HR execs leading Saudi’s workplace transition

As Saudi pushes for more nationals and women in the workplace, all eyes are on the Kingdom’s HR leaders. Here, 10 female HR execs leading the transition

Top 10 largest asset managers by AUM operating in the UAE

Corporate Finance

Top 10 female CEOs leading Africa’s biggest businesses

Leadership & Strategy

Top 10 Executive MBA programmes in the United Arab Emirates

Leadership & Strategy