Vodafone swings to a loss and shares drop, as telecom hails German growth as positive sign of turnaround

Shares in Vodafone fell on Tuesday after the telecoms giant swung into a loss in the first half of 2024, despite returning to growth in its biggest market, Germany, in a shift that was hailed as a positive sign of a turnaround for the struggling FTSE 100 firm. 

Vodafone saw firm-wide revenues drop 4.3% to €21.9 billion ($27.2 billion) in the first half of 2024, as it posted a €155 million loss and kept its dividend level at 4.50 euro cents per share.

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