Stock Movers Vodafone Gains, Hensoldt Falls, Croda Dips
Nov 11, 2025
Chloe Millay, a Bloomberg reporter known for her market insights, discusses significant shifts in the telecom and defense sectors. Vodafone's revival in Germany is highlighted, thanks to a new partnership with 1&1 AG. In contrast, Hensoldt faces a harsh reality, with a drop in shares as analysts criticize their disappointing guidance. The conversation turns to the chemicals sector, where Jefferies paints a bleak picture for Croda and other companies, likening the search for earnings growth to searching for a mirage.
AI Snips
Chapters
Transcript
Episode notes
Vodafone's German Turnaround
- Vodafone returned to growth in Germany after adding 1&1 AG as a wholesale customer and now targets the upper end of its full-year guidance.
- Chloe Millay says the turnaround follows simplifying operations and divestments, and migration of 1&1 customers is boosting earnings.
Why Germany Was Tough For Vodafone
- Vodafone's prior divestments and UK merger let it refocus on reviving growth in its toughest market, Germany.
- Regulatory changes that halted bundled TV rentals have passed and migration of wholesale customers is now feeding through to earnings.
Hensoldt Growth Guidance Disappoints
- Hensoldt guided to 10% revenue growth next year, which disappointed investors who expected stronger figures and long-term visibility to 2030.
- Chloe Millay notes the stock needs sustained growth beyond near-term defense contracts to justify its high valuation.