Vodafone’s confidence increases after return to growth in third quarter

Vodafone’s organic service revenue returned to growth in the mobile phone company’s third quarter, with a rise of 0.4% soundly beating analysts’ expectations for a fall of 0.1% and bolstering confidence in the group’s outlook.

Chief Executive Nick Read said there was momentum across the business, including in its largest market Germany.

“Our good trading performance underscores our confidence in the outlook for the full year,” he said on Wednesday.