Vodafone sees improved revenues trend

Turnaround hopes at Vodafone’s under-pressure European division were lifted today after signs of improved sales trends in the UK and Germany.

While service revenues were down 3.2% in the quarter to December 31, this represented an improvement on the previous quarter after the combination of new handsets and promotional offers ignited customer interest. In the UK, revenues were down by 4.9%, against the 5.7% decline reported in November.