Vodafone on track for top-end profit though shares slip on German recovery

LONDON: Mobile group Vodafone said a strong performance in Turkey and Africa kept it on track to meet its earnings guidance, but ‌doubts about the ‌strength and speed of the recovery in one of its biggest markets, Germany, hit its shares.

The company, whose ‌stock has risen 73% in the last 12 months, said a 6.5% rise in group revenue and a 2.3% rise in core earnings in the third quarter underpinned its forecast for full-year profit to come in at the top of its guidance.