Vodafone Dials Up Guidance But Says German Unit Needs Improvement
By Adria Calatayud
Vodafone Group raised its full-year guidance, citing cost savings and strong performance in its business-focused operations, but called out weakness in its German unit.
The U.K. telecommunications group said Tuesday that it now expects adjusted earnings before interest, taxes, depreciation and amortization after leases--a closely watched profit metric in the industry--for the year ending March 31 to range from 13.2 billion to 13.4 billion euros ($14.82 billion-$15.04 billion). It previously expected a result at the upper end of the 13 billion to 13.3 billion euros range.
"I am very happy about our overall Group performance, but Germany is not yet where it needs to be," Vodafone Chief Executive Margherita Della Valle said. "We have a clear action plan in progress, which is structurally simplifying our German operations and improving customer satisfaction across all of our services."
The company on Monday said it would shed 2,300 jobs in Germany, on top of cuts included in a broader European restructuring plan it launched in May.
For the quarter ended Sept. 30, Vodafone said adjusted Ebitda after leases came to 3.52 billion euros, up 6.5% organically compared with the year-earlier period.
Revenue jumped 13% to 11.56 billion euros. Quarterly revenue from services grew 6.4% on an organic basis.
Write to Adria Calatayud at adria.calatayud@wsj.com
(END) Dow Jones Newswires
November 10, 2026 02:53 ET (07:53 GMT)
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