Ian Pollard – Vodafone’s #VOD Robust Momentum Produces Large Sales Fall

Vodafone Group plc VOD as expected the third quarter to the 31st December was fairly disastrous for Vodaphone and it can not all be put down to the adoption of  IFRS, the sale of Qatar and foreign exchange headwinds which is the usual ready to hand list of pre prepared excuses for major international companies […]

Ian Pollard – European Air Traffic Control Hits Wizz Air #WIZZ

Wizz Air Holdings WIZZ Profit for the first quarter to the 30th June  fell 14% from 58.1m. to €50.0 million,   compared to 2017 reflecting the timing of Easter and the effect of higher than expected disruption costs. Passengers carried rose by 19.7% and revenue by17.9% but profit margins were down by 3.3ppts from 12.4 to […]

Ian Pollard – easyJet #EZJ, excellent winter performance

Vodafone Group VOD claims that the year to 31st March was one of significant operational and strategic achievement which produced a strong financial performance. In fact it was so strong that revenue fell by 2.2% and in troubled India, Service revenue was down by over 18%. Despite these little local difficulties operating profit rose by […]

Ian Pollard – Vodafone Reaps The Rewards

Vodafone Group plc VOD has in its third quarter to the 31st December, reaped the rewards for having become what appears to be a sclerotic company whose  management has had to seek refuge in jargon and obscurantism, always a sign of problems. India. for example has declined by 32.1% because it could not beat the […]

ITV – “Good Growth” But Flat Profits

ITV plc ITV updates that with nine months of its year now gone, it is confident of delivering good organic revenue growth but does so without putting a figure on what “good ” actually means in numbers. Full year profit will be broadly in line with last year which means little or no growth there. […]

Vodafone – Sees Robust Momentum As Revenue Drops 3.3%

Vodafone VOD is yet another company which  seems to think it can describe a fall in revenue as “good” and a sign of “robust momentum” It even goes to the extent of producing better looking statistics which it calls ” alternative performance measures”,  regularly reviewed by management to give readers additional information. Presumably management does […]

Vodafone Increases Dividend As Losses Rise

Vodafone VOD. My own personal experience is that Vodafone can not even operate its own internal phone systems properly so it is not much of a surprise to see that it has problems globally. Group revenue fell by 4.4% for the year to the end of March, the loss for the year rose by 18.7% […]

Vodafone Revenue Tumbles in UK

Vodafone VOD seems to have got its wires in a twist which will not be a surprise to many of its customers, as it describes a fall in revenue of 6.2% in Africa, Middle East and Asia Pacific for the quarter to 30th June, as “strong growth”. A revenue fall of 3.2% for Europe is […]

Vodafone Still Ringing Up Losses

Vodafone VOD is improving according to its preliminary results  for the year to 31st March, but could still do better. Perhaps improving its reputation for an attitude problem and poor customer service may help. Second half like for like EBITDA grew by 3.6% compared to 2.7% for the full year. Adjusted operating profit fell by […]