Vodafone raises full year outlook despite huge Germany hit

British mobile phone company Vodafone posted a net loss of 4.79 billion euros for its first half, Euronews reported. The loss follows an impairment in Germany that Euronews reported at 4.85 billion euros, while the Financial Times placed the figure at 5 billion euros. Total revenue grew during the period, leading the company to raise its full-year financial outlook, Euronews, Telecoms, the Financial Times, and The Times all reported. [1][2][4][5][6]

The latest net loss compares with a profit after tax of 829 million euros reported for the first half of the 2025/26 fiscal year, according to Euronews. Group chief executive Margherita Della Valle stated that she was pleased with the overall performance, but noted that Germany is not yet where it needs to be, Euronews reported. [1]

The earnings report follows an announcement late on Monday that Vodafone will cut 2,300 jobs in Germany, Euronews reported. Yahoo Finance, the Financial Times, Telco Titans, and www.telcotitans.com also reported on the planned job reductions, with Telco Titans adding that artificial intelligence is reshaping operations in the country. [1][3][4][5][7][8]

Vodafone traces its origins to 1984, when Racal Electronics Plc established a telecommunications subsidiary called Racal Strategic Radio Limited in the United Kingdom following a successful bid for an analog mobile phone license in December 1982. The venture was later renamed Racal Telecom Limited under the leadership of Racal chairman Ernest Harrison and managing director Gerry Whent. [11]