Vodafone: Turnover increase of 4% in the first half of the year

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Vodafone recorded an “explosion” in data usage, increased turnover and revenues from services, thanks to the revenues of Tourism, but also an improved customer base in Greece during the first half of its financial year (April – September 2021), according to the financial results of the Group published on Tuesday morning.

Specifically, the company recorded a turnover of 468 million euros, an increase of 4% compared to the same period last year (452 ​​million). Revenues from services increased by a corresponding increase (4%) and amounted to 436 million euros, instead of 421 million euros last year. The adjusted EBITDA reached 132 million euros.

The mobile customer base reached 4.178 million customers, increased by 107,000 customers (of which 82,000 were prepaid and 25,000 contracts), with the percentage of contract customers approaching 40%. At constant, broadband customers remained at about the same level as last year (962,000).

In addition, there was an “explosion” in data usage, which increased by 72% compared to the same period last year and approached the “threshold” of 100,000 TB (96,758 TB), which is a historic performance (last year 56,164 TB)

The announcement of the Group mentions in Greece the increase of revenues from services and the rise of the mobile base, which are connected with the increase of tourism and Roaming, but also the lifting of the restriction measures, respectively.

In addition, reference is made to the group’s goal to place Vodafone Business in a strategic position in order to utilize the projects of the Recovery Fund in Greece as well, with emphasis on the digitization of Small and Medium Enterprises, investments in digital health, “smart” cities, digital initiatives for a greener Europe etc.

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Source From: Capital

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