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After returning to growth in Sep quarter, Vodafone ups earnings guidance

Chief Executive Nick Read said he was pleased at the speed with which he was executing his plan.

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Vodafone CEO | Vodafone results

Reuters  |  London 

Vodafone, 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 thanks to improvements in South Africa, Spain and Italy and a solid retail performance in Germany. Organic core earnings rose 1.4% in the half, and it said its growth rate would accelerate in the second half, ...

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First Published: Tue, November 12 2019. 14:38 IST
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