Vodafone CEO Margherita Della Valle anticipates a return to revenue growth in Germany during the current fiscal year, despite ongoing impacts from regulatory changes that restricted landlords from bundling rent with TV and broadband services. While the legal change has significantly reduced Vodafone's TV customer base in German housing complexes, the company projects stabilization in the near term, suggesting the worst of the decline is over.
Vodafone Group Plc's Chief Executive Officer, Margherita Della Valle, has indicated a potential end to sales declines in Germany, the company's largest market, with a possible return to revenue growth anticipated within the current fiscal year. This outlook follows a challenging period marked by heavy competition and a significant regulatory change that barred landlords from bundling TV and broadband services with rent. This legislative alteration has had a substantial impact, costing Vodafone more than half of its TV customers residing in German housing complexes. Despite these headwinds, Della Valle projects that the adverse effects of this regulatory shift will be felt for only one additional quarter before the situation stabilizes, laying the groundwork for a recovery in the German segment's performance. The overall sentiment, flagged as mildly positive with an optimistic tone, reflects cautious hope for this key market.
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mildly positive
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0.20
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