Vodafone shares off 6% as German woes mount
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Vodafone Group PLC shares dropped 6% due to declining sales in Germany, despite overall revenue growth driven by the UK, Turkey, and Africa.
February 04, 2025 | 9:00 am
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Vodafone's shares fell 6% due to a decline in German sales, despite a 5% increase in overall revenue driven by growth in the UK, Turkey, and Africa.
The decline in German sales is significant enough to cause a 6% drop in Vodafone's share price, indicating investor concern. This negative impact outweighs the positive revenue growth in other regions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100