Despite the corona crisis, the telecommunications group Vodafone increased its service revenues in Germany in the past quarter compared to the previous year.
These revenues – i.e. without the sale of end devices such as cell phones and tablets – were 2.8 billion euros in the largest single market, a good quarter more than the previous year’s figure of 2.3 billion euros, as can be seen from the figures for the first quarter of Vodafone. Financial year that began in early April. The acquisition of Unitymedia has an impact here: If you add this out, sales remained at the level of the previous year.
With the takeover of the cable network operator Unitymedia, the German subsidiary of the British Vodafone Group was able to grow particularly in the fixed network: In contrast to the previous year, the greater part of the total service revenue, namely 1.6 billion euros, comes from the fixed network area. In contrast, service revenues in mobile communications fell slightly. Vodafone currently has a total of almost 19 million contract customers in the mobile network, and 10.81 million in the fixed network.
Worldwide service revenue fell 1.3 percent on a comparable basis, as the company announced on Friday in London. But that was in line with their own expectations, it said. In recent quarters, however, Vodafone has had a strong upward trend with growth rates of 1.6 percent recently.
Overall, revenues at the group level slipped 1.4 percent to EUR 10.51 billion. Adjusted for sales and purchases and exchange rate fluctuations, it would even have been a decline of 2.8 percent. There were significant declines, particularly in Italy, Spain and the UK, which were hit hard by the pandemic.
- Vodafone Gigabit Republic: © Vodafone