Vodafone revenues down 3.6% on weak Europe, forex effects

Thursday 6 February 2014 | 08:45 CET | News
Vodafone Group reported revenues for its fiscal third quarter to December down 3.6 percent from a year earlier to GBP 10.98 billion. On an organic basis, excluding forex effects and acquisitions, revenues were down 4.3 percent, and service revenues fell 4.8 percent to GBP 9.86 billion. The mobile operator continued to suffer from the weak economic climate in Europe, with organic service revenue falling 5.1 percent in the UK, 7.9 percent in Germany, 14.1 percent in Spain and 16.6 percent in Italy. Its emerging markets in Africa and Asia did better, growing revenues 5.5 percent on an organic

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Categories: Mobile & Wireless
Companies: Verizon Wireless / Vodafone
Countries: World
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