Vodafone Has Increased Service Revenue, Appoints New CFO

Vodafone Group said Monday its service revenue increased 3.7% Q1, to $10.1 billion, but its business in Germany continues to struggle. Service revenue there was down 1.3%. “As we progress our plans to transform Vodafone, we have achieved a better service revenue performance across almost all of our markets,” CEO Margherita Della Valle said : “We have delivered particularly strong trading in our Business segment and returned to service revenue growth in Europe.” Africa was a high point, with revenue growth of 9%. Service revenue in the U.K. was up 5.7%. Vodafone also announced a new chief financial officer, Luka Mucic, effective Sept. 1. Mucic joins the company from SAP SE, a German multinational software company.