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.
22 Articles
22 Articles
Vodafone says Germany will return to growth this year
Mobile and broadband provider Vodafone said it expected to return to revenue growth in Germany, its largest market, this year, driving an increase in cash flow after it said it met expectations for the year ending in March today.
Vodafone eyes German turnaround despite big TV subscriber loss
Vodafone expects a return to revenue growth in Germany this year, despite a 5% drop in service revenue for the fiscal year ending March 2025, primarily driven by the loss of 3 million TV subscribers. This decline followed regulatory changes that ended bulk TV contracts in multi-dwelling units and a shrinking broadband customer base due to price hikes. Source: Vodafone eyes German turnaround despite big TV subscriber loss
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage