Vodafone hits target and backs guidance despite Germany decline
Portfolio Pulse from
Vodafone Group PLC maintained its full-year outlook despite a decline in Germany, with service revenue growing by 1.7% to €15.1 billion. However, the company halved its interim dividend as it awaits approval for major transactions in the UK and Italy.
November 12, 2024 | 8:30 am
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NEUTRAL IMPACT
Vodafone maintained its full-year outlook with a 1.7% increase in service revenue, but halved its interim dividend due to pending approvals for major transactions in the UK and Italy.
Vodafone's decision to maintain its full-year outlook is positive, but the halving of the interim dividend may concern investors. The pending approvals for major transactions in the UK and Italy add uncertainty, balancing the impact to neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100