Vodafone and European revenue in fiscal 1H16
In the previous parts of the series, we learned that Vodafone’s (VOD) adjusted profit fell YoY (year-over-year) in fiscal 1H16. We also learned that the revenue of the telecom company fell by ~2.3% YoY to ~20.3 billion pounds during the period. In this part of the series, we’ll look at the revenue dynamics of Vodafone in Europe in fiscal 1H16. Vodafone’s European component continued to dampen overall revenue growth of the company during fiscal 1H16. The European component’s revenue fell ~4.8% YoY to reach ~13.1 billion pounds during the period.
Organically, and excluding the impact of currency and mergers and acquisitions, this revenue stream grew ~0.4% YoY during fiscal 1H16.
Vodafone’s service revenue in Europe
Vodafone’s service revenue in Europe fell ~6.2% YoY to reach 12.1 billion pounds in fiscal 1H16. This fall came from the mobile component of revenue. Vodafone Europe’s mobile service revenue fell ~10.3% YoY to ~8.5 billion pounds in fiscal 1H16. The YoY contraction in this revenue stream came predominantly from Germany, Italy, and Spain.
Meanwhile, Vodafone Europe’s fixed-line service revenue rose YoY by ~6.7% to reach ~3.1 billion pounds during the period. The YoY growth in this revenue stream came predominantly from Spain.