Monday, July 23, 2012

Vodafone's sales plunge Europe

Vodafone has today confirmed in major European 7.7% drop in revenue badly performing markets.

Global revenue was £ 10 6/30/2012 ending 88800000000, March, reports saw sales declines of all the services of the United Kingdom, Germany, Italy, Spain did.

Sales reporting service, the worst culprits Spain £ showed a significant decrease of 17.8% of 935 m. But still doing well United Kingdom than 1.4% of £ 1-2094967296 lower during the quarter fell.

Italy and Spain the "challenging environment" due to the intensified competition United Kingdom results of Vodafone and the weak economy remains.

The company was run alone, in India in 1.2% of service revenue growth and emerging markets better. However, the observation that communication strategies of the ovum senior analyst Emeka Obiodu figures haven't perfected the European loss.

"That was expected in the quarter from Europe's worsening economic situation, poor results, see 7.7% of Group revenues decline yet it uncomfortable to read the report," and he said.

"But emerging market is no longer enough to rescue the poor performance from Vodafone's European markets important results.

"Delayed communication proceeds from economic trends emphasized that 2008 / 2009 in our research. And the experience of spending time before first they cut communications are worse personal finances people.

"Headache in the economy-concerns mount on the United Kingdom and South Europe – in unless holding therefore, unable to determine other European Center and forward road Vodafone phone company. ?

Wasn't the only company to face the effects of the sluggish economy, price cuts for the Vodafone competition admitted Obiodu, and even a regulator duty but he added: "Unfortunately these would change the dynamics now must work to stabilize the added value performance and not very difficult industry to unlock the business".

From 17.1%-other figures £ 1.6 bn in of data revenue or group service revenue-and 12.6% connection included a 16% rise for the Vodafone global enterprise business growth.


View the original article here

No comments:

Post a Comment