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General

Vodafone Spain revenues down 12.4% in its fiscal H1

Tuesday 11 November 2014 | 09:47 CET | News
Vodafone Spain saw its service revenues decline by 12.4 percent on an organic basis in its fiscal first half due to the price war with other operators on convergent offers, continuing macroeconomic pressure and the lingering effects of last summer's MTR cut. In total, service revenues fell to GBP 1.60 billion in the six months to September, down from GBP 1.69 billion a year earlier. EBITDA declined 43.0 percent, with a 7.8 percentage point fall in EBITDA margin, which the company attributed to the lower service revenues, partially offset by lower direct costs and customer investment as well

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Categories: General
Companies: Ono / Vodafone Spain
Countries: Spain
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