Vodafone shares are located with a decrease in sales of Germany’s weakness

(Bloomberg) – The shares of the Vodafone PLC group decreased after the results of the third financial quarter revealed additional softening in its German operations.

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The company said in a statement on Tuesday that the country’s organic service revenues decreased by 6.4 % in the quarter. This was a 5.3 % decrease estimated by analysts in a survey collected by Bloomberg. Vodafone said that its profits from the country are now expected to be less in the second half of the year than it was partially due to the “most challenging” mobile market.

England -based Newbury shares decreased by 7.1 % to 65 pixels at 11:42 am in London.

Della Valle is struggling to revive the company’s share, although many major parts are presented in its transformation plan. The companies with weak performance in Italy and Spain have sold, and obtained the approval of the UK authorities to integrate local operations with CK Hutchison Holdings Ltd. To become the largest mobile phone operator in the country through revenues.

Germany, which formed 34 % of Vodafone’s revenues and was affected by a law that prevented housing associations from collecting television packages with rent, was a weak and constant point for the company. The company lost half of the TV customers as a result of the change, as I expected.

Margarita Della Valley, CEO of Vodafone, told reporters in a call on Tuesday, it is a “transitional year” of the German company. The impact of legal change will end by the next fiscal year.

“Investors want to see Germany’s transformation plays in financial statements,” said Della Valley. “It takes time until this happens.”

What Bloomberg intelligence says:

“The administration now sees the exacerbation of the German Ebitda in 2H versus 1H, after it was slowed in the third collective EBITDA growth to 2.2 % amid the competing of the mobile competitor, and the limited wide range and slow deportation 1 & 1. Unit recovery.

– Ihrah Gors, industry analyst

Vodafone German View, amid the third sales collective victory: reaction

The growing competitiveness in the mobile phone market in Germany has increased on Vodafone on another front. The company said that the opponent of competitors such as Telefonica Sa O2 and Budget Brand 1 and 1, especially in the holiday period, will affect profitability in the sector.

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