Report

Vodafone : Good Q2: VOD solid in terms of cost savings, weak on the top line

>Q2 in line, cost savings plan - Vodafone reported organic growth in line with expectations at -0.5% vs -0.6% forecast, confirming the poor top1eline trend in Q1, typically in Italy (-6.3%) and Spain (-7.2%). There was a nice surprise from cost savings, which offset the top-line weakness more strongly than expected with EBITDA coming in ahead of forecasts at € 7.1bn vs € 7.05bn expected and, more importantly, a € 1.2bn cost-savings plan. The group also created a TowerC...
Underlying
Vodafone Group Plc

Vodafone Group provides mobile and fixed telecommunication services including: access charges, voice and video calls, messaging, interconnect fees, fixed and mobile broadband and related services such as providing televisual and music content, connection fees and equipment sales. Co. provides a range of consumer products and services including mobile, fixed voice, broadband and television, financial as well as other services to operators outside its footprint. Co. also provides a range of enterprise products and services including total communications such as mobile, fixed and a suite of converged communications services, internet of things, cloud and hosting and carrier services.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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Klaus Ringel
  • Klaus Ringel

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