Vodafone Reports H1 Results

Reports group revenue of £17B, an increase of 9%, and data revenue up 48.8% to £1B in the first half of the fiscal year

November 13, 2007

1 Min Read

NEWBURY, U.K. -- Key highlights(1):

  • Group revenue of £17.0 billion, an increase of 9.0%, with organic growth of 4.4%

    • Europe: 2.0% revenue growth with outgoing usage up 24.0%, messaging revenue up 8.6% and datarevenue up 40.8%, all on an organic basis

    • EMAPA: revenue growth of 39.9%, reflecting acquisitions in India and Turkey. Organic growth of 16.0%Group data revenue up 48.8% to £1.0 billion, with organic growth of 45.1%

  • Group adjusted operating profit increased 1.6% to £5.2 billion, with organic growth of 6.1%

  • Free cash flow from continuing operations of £2.7 billion, reflecting 8.1% mobile capital intensity for Europe(2)

  • Adjusted basic earnings per share increased by 7.4% to 6.42 pence. Basic earnings per share of 6.22 pence

  • Proportionate mobile customer base of 241 million at 30 September

  • Results reflect rigorous execution against the Group’s five strategic objectives

Increasing returns to shareholders:

Interim dividend per share increased by 6.0% to 2.49 pence, giving a payout of over £1.3 billion

Improved outlook:

Increased outlook for revenue, adjusted operating profit and free cash flow for the 2008 financial year

Arun Sarin, Chief Executive, commented:“These results reflect our continuing focus on the execution of our strategy. In Europe, we have performed well incompetitive markets by driving strong growth in voice usage and data revenue, whilst improving cost efficiency. InEMAPA, we are capturing the revenue growth opportunities within emerging markets and benefiting from continuingmomentum at Verizon Wireless. The increased interim dividend reflects the Board’s confidence in how the business isprogressing.”

Vodafone Group plc (NYSE: VOD)

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