Vodafone's European sales revive

Jessica TranterLast Update : Tuesday 17 May 2016 - 10:17 AM
Vodafone's European sales revive

Vodafone’s European sales revive for first time since 2010

VodafoneImage copyright PA

Mobile phone giant Vodafone has said its European business grew for the first time in six years in the first three months of 2016.

European revenues rose to £6.3bn in the quarter, growing 0.5% on an underlying basis.

This helped Vodafone to report a 2.3% increase in underlying total sales to £40.97bn for the full financial year.

The company’s three-year £20bn Project Spring means its 4G infrastructure covers 87% of its European business.

But its real growth is still coming from emerging markets where sales grew almost 7% through the whole year.

Source: BBC Business

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2016-05-17 2016-05-17
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Jessica Tranter