First-quarter revenue rose 9.7% to €10.3bn, with growth boosted by the addition of Three UK revenue. Organic Service revenue growth was 5.2% to €8.6bn, with all segments contributing positively.
Adjusted cash profit (EBITDAaL) rose 6.2% organically to €2.9bn, with margins up 0.6 percentage points to 28.5%.
Full-year guidance has been updated to include nine months of Safaricom following completion of the transaction. Vodafone now expects adjusted cash profit of €13.0-13.3bn and free cash flow of €2.6-2.9bn, with performance expected at the upper end of both ranges.
The shares were up 3.8% in early trading.
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Vodafone key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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