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Evening Standard
Evening Standard
Business
Holly Williams

Vodafone swings to loss but says German arm will return to growth this year

Vodafone Margherita Della Valle Three UK

Vodafone has said it will return to sales growth in its struggling German business over the year ahead after swinging to an annual loss, but flagged concerns over “significant uncertainties” in the global economy.

The group slumped to an annual operating loss of 411 million euros (£346 million) against earnings of 3.67 billion (£3.09 billion) the previous year after booking 4.5 billion euros (£3.8 billion) in write-downs on its businesses in Germany and Romania.

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