Vodafone: Q1 profit boosted by divestment
(CercleFinance.com) - Vodafone has reported a 43% increase in Q1 2024-25 operating profit to E1.
54bn, boosted mainly by a E0.7bn gain on the sale of an 18% stake in Indus Towers. NB: cp -6.2%.
EBITDAaL rose by 2.1% (+5.1% organic) to E2.68bn, giving a margin of 29.7% on revenues up 2.8% to E9.04bn, with a 3.2% increase in service revenues (+5.4% organic).
We continue to achieve strong revenue growth in Africa and Turkey, while lower inflation is slowing revenue growth in Europe but accelerating that of the Group's EBITDAaL, management said.
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54bn, boosted mainly by a E0.7bn gain on the sale of an 18% stake in Indus Towers. NB: cp -6.2%.
EBITDAaL rose by 2.1% (+5.1% organic) to E2.68bn, giving a margin of 29.7% on revenues up 2.8% to E9.04bn, with a 3.2% increase in service revenues (+5.4% organic).
We continue to achieve strong revenue growth in Africa and Turkey, while lower inflation is slowing revenue growth in Europe but accelerating that of the Group's EBITDAaL, management said.
Copyright (c) 2025 CercleFinance.com. All rights reserved.