Vodafone suffers huge net loss on Germany hit but raises full-year outlook

Detailed summary

British mobile phone giant Vodafone on Tuesday posted a huge post-tax loss for its first half, linked primarily to a writedown in Germany, but raised its outlook with total revenue increasing.

The group, which late on Monday said it would axe 2,300 jobs in Germany, booked an impairment there totalling €4.85 billion ($5.45bn) for the six months to end-September.Vodafone added in an earnings statement that it suffered a net loss of €4.79 billion in its first half.It had reported a profit after tax of €829 million in the first half of its 2025/26 fiscal year."I am very happy about our overall group performance, but Germany is not yet where it needs to be," chief executive Margherita Della Valle said in the release.Vodafone said its Germany impairment was "primarily driven by adverse changes in interest rates".The telecoms group had in recent years struggled badly in the country…

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