12.05.2020 Vodafone Daily Analysis

12.05.2020 Vodafone Daily Analysis

The world's second-largest mobile operator, Vodafone (L:VOD), met the expectations with a 2.6% rise in full-year core earnings to 14.9 billion euros ($16.10 billion). However, the British company said that the drop in international travel due to the pandemic had hit its revenues from roaming calls and that it’s expecting to suffer from customer spending. It also added it's seeing a surge in data usage and thanks to the speed and reliability of the service provider retaining customers have improved. "We are experiencing a direct impact on our roaming revenues from lower international travel and we also expect economic pressures to impact our customer revenues over time," Vodafone said on Tuesday. "However, we are also seeing significant increases in data volumes and further improvements in loyalty, as our customers place greater value on the quality, speed, and reliability of our networks."