Vodafone Share Price Slips After Earnings: Three UK Deal and UBS Sell Call Raise the Stakes
Vodafone shares dropped 3% in London on Tuesday despite forecasting stronger earnings and reporting €40.5 billion in annual revenue, up 8%. Adjusted EBITDAaL missed expectations at €11.35 billion, while net debt rose to €25.41 billion. Organic service revenue in Germany, its largest market, fell 0.2% for the year. Vodafone is moving to take full control of VodafoneThree in the UK for £4.3 billion.