Vodafone Q2 2016/17 results: Strong in parts

Report Overview

Vodafone Q2 2016/17 results: Strong in parts

Already a Subscriber? Login here to view Full Report

Vodafone Q2 2016/17 results: Strong in parts
Vodafone Europe has improved its mobile service revenue growth to near zero (-0.2%), and narrowed its revenue growth gap to competitors to a mere slither (0.2ppts), allowing it to return to significant EBITDA growth (3.1The primary driver for this was however ‘more-for-more’ price increases, which have been followed by competitors only in part, and it is still losing contract subscriber share across its major markets (with significant local variation).
Its overall network performance statistics are flat, and customer NPS statistics are improving in some markets and worsening in others.
Future outperformance is possible, but by no means guaranteed, and we believe that stabilising market share should be more of a priority than price rises.