Vodafone meets 2019 expectations, pulls guidance on Covid-19 uncertainty

The company said given the uncertainties and impacts of the global pandemic it was not able to provide adjusted core earnings guidance for the current year

Vodafone, the world's second-largest mobile operator, met expectations with a 2.6% rise in full-year core earnings to 14.9 billion euros ($16.10 billion) but did not give a current year outlook due to the uncertainty caused by the coronavirus.

"We are experiencing a direct impact on our roaming revenues from lower international travel and we also expect economic pressures to impact our customer revenues over time," it said  on Tuesday.

"However, we are also seeing significant increases in data volumes and further improvements in loyalty, as our customers place greater value on the quality, speed and reliability of our networks."

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