Overview
- The group cut 3,000 roles across its UK and European division in the first half of 2026 and confirmed a further 2,300 planned job cuts in Germany to be carried out over two years.
- Vodafone upgraded full-year adjusted earnings guidance to €13.2bn–€13.4bn and raised cash-flow guidance to €2.8bn–€3.0bn as adjusted EBITDA grew on consolidation effects.
- Reported group revenue rose 11.4% to €21.9bn after the consolidation of Safaricom, Vodafone Three and Telekom Romania, with the Three UK buyout giving Vodafone full control of the UK business.
- The company posted a statutory loss driven by a near-€5bn impairment in Germany and the derecognition of about €2.2bn in UK deferred tax assets, creating a split between stronger operational metrics and headline accounting losses.
- Vodafone has raised multi-year cost-saving targets to more than €2bn of annual savings by 2030 and £1bn a year by 2032, a programme that has already cut 11,000 roles since 2023 and has hit shared-services centres in India and eastern Europe.