Vodafone Group Plc
0.71 (0.8%)
Share Name Share Symbol Market Type Share ISIN Share Description
Vodafone Group Plc LSE:VOD London Ordinary Share GB00BH4HKS39 ORD USD0.20 20/21
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.71 0.8% 89.29 89.29 89.31 89.33 88.74 89.15 7,005,524 10:55:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mobile Telecommunications 38,392.9 3,330.5 6.1 14.1 23,960

Trending: Vodafone Says It 'Can Do Better' After 3Q Revenue Drop

01/02/2023 11:00am

Dow Jones News

Vodafone (LSE:VOD)
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1029 GMT - Vodafone Group PLC is among the most mentioned topics across news items over the past four hours, according to Factiva data, after the company reported a fall in revenue over the third quarter and said that it "can do better." Total revenue for the quarter ended Dec. 31 fell 0.4%, with service revenue down 1.3% although both were up on an organic basis--2.7% and 1.8% respectively. It said that declines in Germany, Italy and Spain partially offset by good growth in U.K. and other European countries. Vodafone's third-quarter update showed a major disappointment in Spain and no substantive strategy update, Jefferies analysts Jerry Dellis and Yi Hsin Yeoh said in a research note. The U.K.-based telecommunications company's deteriorating Spain performance is a reminder of the competitive set up of the market, with five mainstream rivals and a number of wholesale challengers, they say. Interactive Investor's head of markets Richard Hunter wrote that Vodafone is facing the twin perils of an extremely competitive landscape and some deteriorating economic conditions. Shares are trading 2.2% lower at 91.07 pence. Dow Jones & Co. owns Factiva. (ian.walker@wsj.com.)


(END) Dow Jones Newswires

February 01, 2023 05:45 ET (10:45 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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