(ANSA) – MILAN, JUL 25 – Vodafone continues to grow both in Europe and in Africa, “in line with expectations” describes the group in a note: revenues from services grew by 2.5% in the first quarter of financial year 2022-2023.
Germany suffers, where revenues from services fell by 0.5% on the impact, explains Vodafone, “of the new telecommunications law”.
Growth in Europe, on the other hand, is supported by the acceleration in the United Kingdom (+ 6.5%). Vodafone believes it is “on track to meet FY23 guidelines with adjusted EBITDAaL expected to be between € 15 and € 15.5 billion and adjusted cash flow of approximately € 5.3 billion.” “We have achieved another quarter of growth in both Europe and Africa, in line with our expectations and seen an acceleration in business growth – comments CEO Nick Read -. Even if we are not immune from the current macroeconomic challenges, we are on the good way to deliver financial results for the year in line with our guidance. Our short-term focus on our operational and portfolio priorities remains unchanged. We have made good progress towards stabilizing our commercial performance in Germany and continue to pursue actively opportunities with Vantage Towers and to strengthen our market positions in Europe “. (HANDLE).
Source: Ansa
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