Vodafone: confirms FY guidance

(CercleFinance.com) - Total sales rose by 2.
8% in Q1 (vs. 2.8% in Q4) to E9bn, with organic sales growth in services partially offset by unfavourable currency effects.

Group service sales rose by 5.4% (vs. 7.1% in Q4), with continued strong growth in Turkey and Africa.

Sales of Vodafone Business services rose by 2.6% (5.4% in Q4).

Operating profit rose by 42.9% to E1.5bn, mainly due to a E0.7bn gain on the disposal of an 18% stake in Indus Towers.

Adjusted EBITDAaL rose by 5.1%, with accelerated growth due to lower cost inflation and the phasing of operating expenses. Adjusted EBITDAaL margin increased by 0.1 point y-o-y, on an organic basis, to 29.7%

The group confirms its forecasts for FY 2025, expecting adjusted EBITDAaL of around E11bn and adjusted FCF of at least E2.4bn.


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