Vodafone has reported a pre-tax loss of £1.5 billion for the year ending March 31, largely due to £4.4 billion in impairment charges for its German business and £165 million for its Romanian operations. Despite these setbacks, revenues increased by 2% to £37.5 billion. CEO Margherita Della Valle remains optimistic, citing improvements in customer satisfaction and operational performance. She is confident that Vodafone is well positioned for multi-year growth, particularly in Germany, with positive forecasts for profit and cash flow in the upcoming year.
Vodafone reported a pre-tax loss of 1.5bn in the year ending March 31, following significant writedowns but anticipates returning to growth in Germany.
Chief executive Margherita Della Valle expressed optimism for Vodafone's future, highlighting operational improvements and a strong push for customer satisfaction across Europe.
Collection
[
|
...
]