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Vodafone 2008/09 H1 results: underperforming competitors - Venture Insights

Report Overview

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Vodafone 2008/09 H1 results: underperforming competitors

PublisherEnders Analysis.
Publish Date November 12, 2008
Sector Fixed Line (Internet and Voice), Mobile and Wireless Technology.
Company vodafone.

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Vodafone’s European organic service revenue growth dropped again in the September quarter, to -1.3%, and we estimate that it continues to underperform its competitors’ growth by two percentage points, thus losing market share. Margins also fell, as the company’s cost reduction measures continue to fail to stop costs rising.