Vodafone Group which closed the third quarter of its fiscal year with growing revenues. A result that made it possible to confirm the estimates released last November, which in turn were higher than the forecasts made at the beginning of the year.
Vodafone Group accounts
The third quarter closed with total revenue up 4,3% (+3,7% organic growth) to 11,684 billion euro. Up 3,1% (+2,7% organic) i revenues from services, which amounted to 9,647 billion euros. In Germany alone, services revenues grew by 1,1% organically to €2,936 billion. Positive results, welcomed with a 3,1% increase in Vodafone shares on the London LSE.
“Our team delivered another solid quarter, demonstrating the sustainability of our growth strategy and medium-term ambition,” he commented. the CEO Read, underlining that “this performance puts us firmly on track to achieve fiscal 2022 results in line with the highest guidance we have provided in November"
“We remain focused on our operational priorities – to strengthen business momentum in Germany, accelerate our transformation in Spain and position Vodafone Business to maximize EU recovery funding opportunities. We are also committed to creating value for our shareholders through proactive portfolio actions and continuing to improve in terms of returns,” added the manager.
The results of Vodafone Italy
In our country, Vodafone Italia closed the third quarter with revenue down 1,3% compared to the same three months of 2020 at 1,107 billion, a performance that reflects the ongoing competition in the mobile segment, highlights the company in a note, adding that the stabilization of the trend is due to the growth of the wholesale and fixed network segments.
Not by chance i landline revenues increased by 3,1% to 313 million euros, with over 3 million broadband customers (+2,3% compared to the previous year. Vodafone's fiber optic services reach 24,5 million households and businesses, of which 8,9 million real estate units through its ultra broadband network and the partnership with Open Fiber.
I have. Mobile, Vodafone's second brand has exceeded 2,7 million customers.
Stock market reaction
On the London Stock Exchange the Vodafone Group stock celebrate international revenue growth. By mid-morning the shares were up 3,25% of their value at £132,16.
