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Vodafone Says Germany Will Return to Growth This Year

  • Vodafone reported falling into a pre-tax loss of £1.4 billion for the year ending March 2025, mainly due to underperformance in its German business.
  • This loss followed a £3.8 billion impairment charge triggered by new German legislation limiting TV contracts in apartment blocks, impacting about four million customers.
  • Despite the setback, Vodafone's CEO Margherita Della Valle has reshaped the group, improving operational performance and overseeing asset sales in Spain and Italy and a UK merger.
  • The group posted adjusted core earnings of £10.9 billion and service revenue growth of 2.8% to £30.8 billion, with expectations of returning to revenue growth in Germany during 2025.
  • Vodafone's transformation positions it for multi-year growth amid market challenges, with planned UK merger completion and continued focus on overcoming intensified competition.
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nachrichten.at broke the news in Linz, Austria on Tuesday, May 20, 2025.
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