Mobile phone giant Vodafone today reported a 1% dip in underlying third quarter sales despite a weaker pound helping its full-year prospects.
The group posted revenues of £10.47bn (€11.57bn) for the three months to December 31, up 14.3% with exchange rate movements not stripped out.
Vodafone – which twice scaled back revenue hopes last year as conditions worsened in the UK and other key markets – said the pound’s slump had boosted full year revenue expectations to between £40.6bn (€444.89bn) to £41.5bn (€45.89bn).
It had previously set a range of £38.8bn (€42.9bn) to £39.7bn (€43.9bn) for the year to March 31.