Vodafone improves outlook on back of strong first half

Company said its total revenue grew 5% to €22.5bn in the six months to the end of September, driven by service revenue growth in Europe and Africa and a recovery in handset sales following Covid disruption in the prior year

Vodafone has improved its earnings guidance.

Communications giant Vodafone has reported marginal revenue growth in Ireland as part of a strong group-wide first half to its financial year, which has resulted in it raising its annual forecasts.

Vodafone raised its forecast for this year's free cash flow after it reported 6.5% growth in adjusted core earnings in its first half, driven by a good performance in Germany, its largest market.