Vodafone reports 1.4% drop in first fiscal quarter revenue

Vodafone Group reported 1.4 percent drop in the first fiscal quarter revenue to €10.506 billion as Covid-19 impacted Vodacom’s Africa business.
Vodacom’s revenue dipped 11.9 percent to €950 million. For comparison, Airtel Africa reported that its revenue increased 6.9 percent to $851 million, with constant currency revenue growth of 13 percent.

Vodafone’s revenue from Other Markets decreased 18.9 percent to €840 million.

Vodafone’s Europe revenue rose 6.6 percent to €7.227 billion.

Vodafone Germany’s revenue grew 25.4 percent to €2.840 billion.

Covid-19 has impacted sequential organic service revenue growth due to lower revenue from roaming and visitors, project delays and lower automotive activity in Business, and lower prepaid revenue in some smaller markets

Vodafone said it is on track to deliver at least €0.4 billion net Opex reduction in Europe in FY21.

Vodafone’s Europe mobile contract customers increased to 64.5 million in Q1 fiscal 2021 from 63.3 million in the same quarter previous fiscal.

Vodafone’s Europe broadband customers increased to 25.2 million in Q1 fiscal 2021 from 18.8 million in the same quarter previous fiscal.

Vodafone’s Europe Consumer converged customers increased to 7.3 million in Q1 fiscal 2021 from 6.8 million in the same quarter previous fiscal.

Vodafone’s Europe mobile contract customer churn was 11.4 percent in Q1 fiscal 2021 from 14.6 in the same quarter previous fiscal.

Vodafone’s Africa data users increased to 82.1 million in Q1 fiscal 2021 from 79.1 million in the same quarter previous fiscal.