Vodafone says Germany will return to growth this year

Mobile and broadband provider Vodafone said it expected to return to top-line growth in Germany, its largest market, this year, driving an increase in cash flow after it said it met expectations for the year to end-March on Tuesday. The group, which operates in Europe and Africa, reported adjusted core earnings of 10.9 billion euros ($12 billion), which it said met its 11.0 billion target when hyperinflation in Turkey was taken into account. Chief Executive Margherita Della Valle has reshaped Vodafone by selling its operations in Spain and Italy and agreeing a merger in Britain, where it will become the mobile market leader when the deal completes in the next few weeks.