Vodafone Group PLC reported a 9.7% increase in first-quarter total revenue to €10.29 billion. This growth followed the consolidation of Three UK and robust service revenue performance.
Organic service revenue increased across all segments, including a 1.2% rise in Germany and a 0.6% gain in the UK. African operations recorded a 13% jump in organic service revenue.
The company raised its full-year guidance following these results and the consolidation of Safaricom. Management now expects adjusted EBITDA after leases to reach the upper end of the €13.0 billion to €13.3 billion range.
Vodafone shares traded up 2.6% to 117.60 pence in London on Monday morning.