Companies

First quarter sales drop at Vodafone

The company said its total revenues fell by 4.8 per cent on a reported basis to €10.7 billion

  • July 24, 2023
The firm said its total revenues fell by 4.8 per cent in the three months to the end of June

Vodafone has reported a drop in its first-quarter sales after losing customers, despite upping prices.

The company said its total revenues fell by 4.8 per cent on a reported basis to €10.7 billion in the the three months to the end of June.

In Germany, its largest market, Vodafone said a decline in sales was driven by the “cumulative impact of customer losses over the past 18 months”, but partially offset by raising the prices ...