Lower inflation drives revenue slowdown for Vodafone UK

Vodafone UK’s revenues grew 0.3% to £1,689m in the year to Q1 2025, with slower growth attributed to lower inflation-linked price rises. The UK now makes up 19% of the Group’s total service revenue.

Organic service revenue growth was stable in Q1 as growth in the Consumer segment was offset by a decline in Business.

Vodafone Business service revenue declined by 1.1%, as growth in fixed was offset by a decline in mobile, primarily driven by lower inflation-linked price increases

The Group’s UK Consumer contract customer base increased by 22,000 in the quarter but was offset by large low-value contract disconnections in Business.

This led to Vodafone UK’s total contract customer base declining by 29,000 in Q1.

Group CEO Margherita Della Valle said: “Our performance in the first quarter is consistent with our full year guidance, which we reiterate today.

“We continue to progress our transactions in the UK. The actions we are taking now will deliver improved performance and underpin the turnaround of Vodafone.”

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