Vodafone meets core earnings expectations

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Vodafone has today reported a 2.2% rise in organic earnings for 2024, meeting market forecasts, after it returned to top-line growth in the final quarter helped by gains in Britain and Germany.

Germany is the group's biggest market and chief executive Margherita Della Valle said Vodafone was delivering growth in all of its markets across Europe after her decision to sell its struggling operations in Spain and Italy, and was growing across Africa as well.

The company posted core earnings of €11.02 billion, in line with forecasts, and adjusted free cash flow of €2.60 billion, ahead of market expectations of €2.44 billion for the year to the end of March.

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