Telecommunications: Vodafone makes less sales and profits

Dusseldorf. After the announcement of massive job cuts, the telecommunications company Vodafone Germany presented business figures with little light and a lot of shadow. As the company announced, sales in the first half of the fiscal year that began in April only rose by 0.4 percent to around 5.5 billion euros.

The operating result (EbitdaAL) fell by 3.2 percent to 2.1 billion euros. This was due to increased costs for energy, buildings and technology.

The sales growth was entirely attributable to the first quarter of the 2026/27 financial year; a minus was recorded in the second quarter. More needs to be achieved economically, said a company spokesman. “We need to improve our cost base and strengthen our sales.” While Vodafone Germany weakened, its competitor Deutsche Telekom's business picked up.

The subsidiary of the British Vodafone group announced on Monday that it would cut almost every fifth job by March 2029 - the number of jobs is to be reduced by 2,300 from the current around 12,000. The network operator justified this with the need to simplify structures and make the company more effective again after years of significant customer decline. In addition, artificial intelligence (AI) should be used more intensively.