Vodafone reports slight rise in net profit helped by gains in UK, Germany

Vodafone reported on Tuesday a 2.2 per cent rise in organic earnings for 2024, meeting market forecasts, after it returned to top-line growth in the final quarter helped by gains in Britain and Germany.

Germany is the group’s biggest market and Chief Executive Margherita Della Valle said Vodafone was delivering growth in all of its markets across Europe after her decision to sell its struggling operations in Spain and Italy, and was growing across Africa as well.

Shares in Vodafone, which have fallen 22 per cent in the last 12 months, rose 3.5 per cent in early deals to 72.5 pence.