Vodafone's Recovery in Germany

2 months ago

Khloe Mele

"So, not only did it manage to return to growth in that biggest market, but it also is now targeting the upper end of its guidance for the four years. So, that has really lifted the shares this morning and confirmed that the ongoing turnaround is working quite well for Vodafone. Uh over the last couple of years, it's been simplifying operations, streamlining the company, and selling off some of the assets to do that. Now after all of those measures, the focus has been on reviving growth in Germany which, despite a very competitive and regulated environment, is now showing signs of recovery as revenue is growing again."

The commentary highlights Vodafone's improving performance in its key German market, emphasizing its successful turnaround strategy including operational simplification and asset sales. The recovery in revenue growth in a difficult market reinforces a bullish view for near-term performance.

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