Company says it added 30,000 mobile contract customers in Ireland
In Ireland, Vodafone said it increased service revenue on the back of “a higher average customer base” and it annual contractual price increases. Photographer: Jason Alden/BloombergVodafone reported on Tuesday a 2.2 per cent rise in organic earnings for 2024, meeting market forecasts, after it returned to top-line growth in the final quarter helped by gains in Britain, Germany and Ireland.
In Ireland, Vodafone said it increased service revenue on the back of “a higher average customer base” and it annual contractual price increases which have hit customers with hikes of 3 per cent on top of the consumer price index. It added 30,000 mobile contract customers. When it announced the Italian deal in March, Vodafone said it would halve its dividend to 4.5 cents a share for the year that started in April, reflecting the lower cash flow from its smaller footprint, and buy back shares worth €4 billion.
Germany returned to growth with service revenue increasing by 0.2 per cent for the full year and 0.6 per cent for the fourth quarter, the company said, but adjusted core earnings dropped by 5.8 per cent due to higher energy and other inflationary costs.“We will step up investment in our customer experience, improve our underlying performance in Germany and accelerate our momentum in Business, whilst also continuing to simplify our operations.
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