Q1 2022 Vodafone Group PLC Trading Statement Call Transcript
Good morning, everyone, and thank you for taking the time to join us, Margherita and myself, at our Q1 trading results announcement. You'll find on our website, hopefully, a comprehensive set of materials to help you understand our results. But I thought I'd just take an opportunity just to touch very briefly, 30 seconds, on just the key highlights before we then go on to questions.
We are back to service revenue growth in Europe as well as Africa with over a 3% growth in the quarter, and we're growing in both consumer and business. Around 1 percentage point of that growth was clearly a lapping effect of COVID-19 last year that obviously suppressed our results. But even excluding that, I would say that is a very healthy growth rate for us as a business, and we are firmly on track on our guidance.
Now clearly, we're not back to normal yet on our trading activity, our commercial activity and sales volumes. Footfall in the big 4 European countries in aggregate was around 40% below pre-COVID levels. So we've yet to
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