Vodafone: 4.2% organic growth in Q3

(CercleFinance.com) - On Monday, Vodafone reported organic growth of 4.
2% in its third quarter, boosted by an acceleration in its business services and cloud activities.

The British mobile operator reported organic growth of just 0.3% in Germany, while the UK market climbed by 5.2%, in line with the momentum of previous quarters.

In Italy, where the operator recently refused to merge its local subsidiary with that of iliad, revenues slipped 1.3% organically.

These figures have enabled Vodafone to confirm its forecasts for FY 2023/24, to end-March, including adjusted EBITDAaL profit of around E13.3bn and free cash flow (FCF) of around E3.3bn.

Vodafone shares, listed on the London Stock Exchange, were down 1.3% on Monday morning following this publication.


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