Vantage Towers annual revenue, profit in line with guidance

BERLIN: Vantage Towers, the infrastructure unit of Britain’s Vodafone, on Monday reported modest growth in underlying revenue and core profit that was in line with its own guidance in its first full-year results since floating on the Frankfurt stock exchange.

Revenue grew by 2.2% to 966 million euros ($1.2 billion) on a proforma basis in the year to March 31, within its 955-970 million euro guidance range but just shy of median forecasts by analysts of 971 million euros according to Refinitiv.