Vodafone It surprised everyone with the results of the last fiscal quarter of 2023, given the growth in its income. Although it was the group's last results after the sale of its Spanish subsidiary Vodafone In Zigona, the company can boast its first rise in income since 2021.
We remember that the sale was recently approved by the National Commission for Markets and Competition (CNMC) for about 5,000 million euros. The increase did not exceed 0.2% (974 million euros), and refers to total income in the period between October and December 2023.
This slight rise before saying goodbye Vodafone In Spain, this was thanks to the sale of electronic devices during Black Friday, in addition to the Christmas campaign. In addition, the company also added 29,000 customers, increasing the profit percentage Vodafone.
Vodafone increases its revenues by 0.2% and surprises its competitors
However, in general, the Spanish subsidiary of Vodafone It continued to lose ground in its telephone and Internet service sales business. In fact, it ended 2023 with a turnover of €3,453 million in service revenue, 2.67% lower than in 2022. Zigona will take the symbol Vodafone Spain is trying to bring the brand back to the land of profits.
The fact is that according to the worldThis is thanks to the sale of digital services and obtaining new public contracts, which led to an increase in the profitability and income of this department Vodafone Spain is a company with Internet services with 429,000 new lines as a strength.
In the first three financial quarters, Vodafone adds €2,903 million in income
If we talk about optical fiber, Vodafone It has lost 24,000 customers and is already below 2.8 million users. In addition, it was losing another 18,000 TV customers. Recession is also negative Louie To 1.7 million customers due to “very low cost pressure” that put this company in a difficult situation.
Spain and Italy were the only markets in which the group operated Vodafone It failed to deliver a jump in its services revenue in the fourth quarter of 2023. That's what it means Vodafone It sold its Spanish subsidiary to Zegona and is in full negotiations to do the same with the Italian company.
the group Vodafone Total revenues in the first three fiscal quarters of 2023 (April to December) amount to €2,903 million. This indicates that 2024 could close less than 4,000 million euros in turnover. If we focus on the last year of growth, 2021, in that year €4.2 billion in revenues were exceeded.
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