Vodafone, revenues falling: «But we’re rising after the newest transactions» | EUROtoday

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In the 2023-24 monetary yr, Vodafone Group revenues fell 2.5% to €36.7 billion as a result of disposals of Vantage Towers, Vodafone Hungary and Vodafone Ghana within the earlier monetary yr and adversarial alternate fee actions . The decline in working revenue of 74.6% to €3.7 billion primarily displays the asset disposals that happened within the earlier monetary yr, specifically the capital acquire of €8.6 billion from the disposal of Vantage Towers. The fundamental EPS (earnings per share, ed.) fell from 43.66 cents to 4.45. The adjusted fundamental EPS fell to 7.47 cents from 11.28.

Group service revenues elevated by 6.3%, with Europe, Africa and Business rising. Germany returned to development with service revenues up 0.2% for the total yr and 0.6% for the fourth quarter, nevertheless adjusted. Ebitda after leasing remained underneath stress, down 5.8% resulting from rising power prices and different inflationary prices. Adjusted EbitdaaL elevated 2.2% nearly as good progress in service revenues was partially offset by greater power prices and different inflationary impacts

The group achieved fiscal 2024 steering for adjusted EbitdaaL and adjusted free money circulation. For the monetary yr 2024-25

Vodafone estimates adjusted EbitdaaL of roughly €11 billion and adjusted free money circulation of no less than €2.4 billion.

In the 2024 monetary yr, Vodafone «achieved outcomes barely above expectations, with good natural service income development of 6.3% and natural EbitdaaL development of two.2%. Our Business division, a basic development engine, recorded income development of 5.4% within the fourth quarter” feedback CEO Margherita Della Valle. «For subsequent yr there’s nonetheless quite a bit to do. We will enhance funding in buyer expertise, enhance underlying efficiency in Germany and speed up our momentum in Business, persevering with to simplify our operations throughout the group. We are essentially reworking Vodafone for development » she provides.