Vodafone has presented financial results for the second quarter of the year, which runs from July 1 to September 30, 2020. The group reports service revenues of 960 million euros, a -1.8% less than in the previous year, although the trend of the previous quarters improves.
In a new quarter under the impact of the pandemic, Vodafone’s EBITDA grew 6% in the first quarter more than in the previous period, and the subsidiary of the British company increased its mobile, fiber and television client portfolios.
Revenues improve, although they remain negative
Vodafone has signaled the success of the strategic decisions taken over the last year, such as unlimited data, the departure from football, the pioneering launch of the 5G network or the focus on content and series. As a result, the EBITDA margin in the first semester reached 23.8%, 2.5 points more than the same period of the previous year.
Total revenues for the quarter amounted to 1,056 million euros, 2.1% less than the previous year. Service revenue amounted to 960 million euros, still negative compared to last year (-1.8%), although with a significant improvement over the first quarter, when the interannual difference was 6.9%.
More mobile, fiber and TV clients
During the second quarter of the year, Vodafone managed to increase all its customer portfolios. Mobile contract customers increased by 95,000 units, reaching 11.4 million customers in total.
In broadband, Vodafone achieved in the second quarter of 2020 101,000 fiber clients and 58,000 fixed broadband clients, reaching a total of 3.2 million. Television clients for their part increased by 114,000 clients, adding a total of 1.5 million clients at the end of the second quarter.
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Vodafone improves the trend of service revenue and gains mobile, fiber and TV customers in the second quarter of 2020