Vodafone has slightly improved its year-on-year results in Spain in the last quarter of 2023, a period in which it achieved some revenue of 973 million of euros, 0.2% than during the same period in 2022. This figure also reflects a slowdown in the decline in its quarterly sales compared to the previous fiscal year. In these three months, the operator’s sales decreased by 1.1% in Spain, compared to 8m3%, 3.7%, 3% and 2.7% in the previous quarters.
Regarding the company’s service income, they rose 1.5% compared to the second quarter, due to the increase in digital business services. Also to an improvement in the management of the contract client base. This offset lower revenue from premium calls due to regulation. Prepaid calls also recorded a decrease during the quarter.
Vodafone has assured, with respect to commercial results, that they continue to show the competitiveness of the market. Thus, the mobile contract customer base improved by 29,000, totaling 14 million users with a contract. This increase was due to commercial acquisition actions focused on terminals, for times such as Black Friday and Christmas. Also to the offer of convergent rates with television.
As for its fixed broadband clients, they fell by 24,000 to remain at 2.8 million clients. Television customers also fell by 18,000, to 1.4 million customers. Regarding the operator’s base of active IoT lines, it added 429,181 new lines, reaching 6.57 million.
Currently, Vodafone Spain is the operator with the most IoT lines in Spain, as a result «of the IoT product diversification strategy that the operator has launched in recent years in sectors such as security and connected alarms, banking through payment methods, logistics operators, connected fleets, renewable energies , agriculture, waste management or comprehensive water management«.
Regarding the results of its low-cost subsidiary operator Lowi, its customer base remained unchanged at 1.7 million, although it shows a tendency to improve between December and January thanks to the new commercial offer.
Refering to purchase of Vodafone España by Zegonawhich was announced on October 31 and will entail the payment of 5,000 million euros for the Spanish division of the operator to change hands, Vodafone has stated that they expect “which takes place during the first half of 2024, is progressing as planned. The operation has already received approval from the European Commission and authorization from the CNMCrespectively.