Vodafone Swings to Pretax Profit on €40.5B Revenue, 8.8% Service Growth
VOD•Vodafone reported an 8% rise in annual revenue to €40.5 billion and an 8.8% increase in service revenue driven by strong service growth and Three UK consolidation. Germany returned to top-line growth, helping the group swing to a pretax profit for the year.
1. Revenue and Service Growth
Vodafone's total revenue climbed 8.0% to €40.5 billion for the fiscal year, driven by an 8.8% rise in service revenue due to higher data usage, price adjustments and the full consolidation of Three UK.
2. Swing to Pretax Profit
Strong top-line growth and cost discipline enabled the telecoms group to return to a pretax profit, reversing the prior year's loss position despite foreign-exchange headwinds.
3. Germany Market Recovery
After a period of declines, Vodafone's German operations posted year-on-year revenue growth, contributing significantly to the overall turnaround in group profitability.
