Vodafone Group PLC (LSE:VOD) shares saw little movement after the company released its first-quarter update, reflecting a lack of surprises and broadly steady trading.
Total revenue rose 3.9% to €9.4 billion, with group service revenue increasing by 5.3% to €7.9 billion.
This was supported by the completed merger with Three UK, which Vodafone said is already delivering customer benefits as the two networks are integrated.
Service revenue, which excludes handset sales and focuses on ongoing payments from customers, grew across most regions, especially in Africa and Türkiye.
In Africa, sales rose almost 14%, boosted by strong demand for mobile data and digital financial services, while Türkiye saw nearly 30% growth in euro terms.
Germany, however, remained a weak spot, with service revenue falling by just over 3% after a change in TV regulations, though the business was otherwise stable.
Group adjusted EBITDAaL (a profit measure that strips out interest, tax, depreciation, and other non-cash costs) rose by 4.9% to €2.7 billion.
Vodafone kept its full-year profit and cash flow guidance unchanged and has now returned €2.5 billion to shareholders through buybacks, with more to follow.
The shares opened 0.5% lower at 82.76p.