1054 GMT - Vodafone Group may be writing off the current financial year as one of transition, but patience is wearing thin, AJ Bell's Russ Mould writes in a note. The CEO's turnaround plan is close to fruition and once completed, the market is likely to be less forgiving of poor performance, the analyst says. Vodafone's first half was hurt by weaker results at its German business, reflecting a previously-flagged hit from regulatory changes in the country. While German performance flags, less mature markets in Africa present an opportunity, with the company expanding in the region, Mould says. "Dialling up growth won't be easy for Vodafone but it is what's required after years of the shares drifting lower," he says. Shares are down 4.7% at 69.54 pence. (najat.kantouar@wsj.com)
(END) Dow Jones Newswires
November 12, 2024 05:55 ET (10:55 GMT)
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