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Vodafone H1 2011/12 results: Doing well in difficult circumstances - Venture Insights

Report Overview

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Vodafone H1 2011/12 results: Doing well in difficult circumstances

PublisherEnders Analysis.
Publish Date November 10, 2011
Sector Fixed Line (Internet and Voice), Mobile and Wireless Technology.
Company T-Mobile Telecoms, vodafone.

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Vodafone Europe’s service revenue growth improved marginally in the September quarter, a very solid performance under tricky circumstances, helped by good competitive performances and judicious pricing measures

The combined Europe and group common function EBITDA margin was again held flat, despite continued smartphone adoption pushing up handset costs, with strong cost control again evident

Pricing, competitive, regulatory and cost trends are all going well; but macroeconomic trends are clearly not, and are likely to make an acceleration in the second half of the year very difficult