Vodafone: share down after trading update
(CercleFinance.com) - Vodafone shares are down 0.
9% in London this morning, after the telecom operator's trading update, at which it communicated revenue of 11.8 billion euros for the last quarter, down 3.6% because of the deconsolidation of a Dutch business, along with currency factors.
The revenues of organic services increased by 1.1% to 10.2 billion euros, a similar performance to the previous quarter (+1.3%), with performance almost stagnating in Europe (+0.3%), although there was an acceleration in Africa, the Middle East and Asia-Pacific (+6.8%).
For the current year, Vodafone reiterates its annual forecast of organic growth in adjusted EBITDA of around 10%, as well as “pre-spectrum” free cash flow of over five billion euros.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
9% in London this morning, after the telecom operator's trading update, at which it communicated revenue of 11.8 billion euros for the last quarter, down 3.6% because of the deconsolidation of a Dutch business, along with currency factors.
The revenues of organic services increased by 1.1% to 10.2 billion euros, a similar performance to the previous quarter (+1.3%), with performance almost stagnating in Europe (+0.3%), although there was an acceleration in Africa, the Middle East and Asia-Pacific (+6.8%).
For the current year, Vodafone reiterates its annual forecast of organic growth in adjusted EBITDA of around 10%, as well as “pre-spectrum” free cash flow of over five billion euros.
Copyright (c) 2018 CercleFinance.com. All rights reserved.