Vodafone holds guidance after strong Q3
Telecoms operator Vodafone Group plc said it expected full year earnings to be at the upper end of forecasts after a strong third quarter, supported by top line growth in Germany and Turkey.
The company on Thursday said revenue in the period increased by 6.5% to €10.5bn. Service revenue grew by 7.3% to €8.5bn as higher turnover from the consolidation of Three UK and Telekom Romania assets were partially offset by foreign exchange movements.
Group adjusted core earnings rose 2.3% on an organic basis to €2.8bn.
Vodafone expects earnings of €11.3 - 11.6bn and adjusted free cash flow of €2.4-2.6bn.
Reporting by Frank Prenesti for Sharecast.com
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