A quite correct H1 for Vodafone with a return to growth in terms of revenue in Q2. The performance is still very solid in Germany (which will represent next year 30% of Vodafone’s revenues) and trends are improving in South Africa, Spain and Italy despite fierce competition or regulation. We maintain our opinion at Add on the group with a 15% upside.
14 Nov 2019
A reassuring H1 but India still worries
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A reassuring H1 but India still worries
Vodafone Group Plc (VOD:LON) | 70.6 0.7 1.5% | Mkt Cap: 19,131m
- Published:
14 Nov 2019 -
Author:
Jean-Michel Salvador -
Pages:
3
A quite correct H1 for Vodafone with a return to growth in terms of revenue in Q2. The performance is still very solid in Germany (which will represent next year 30% of Vodafone’s revenues) and trends are improving in South Africa, Spain and Italy despite fierce competition or regulation. We maintain our opinion at Add on the group with a 15% upside.