Vodafone reported an 8.0% rise in full-year revenue to €40.5bn. Service revenue rose 5.4% organically to €33.5bn.
Underlying cash profit (Adjusted EBITDAaL) grew 4.5% organically to €11.4bn. Underlying free cash flow rose €0.1bn to €2.6bn, and net debt ended the period at €25.4bn.
A final dividend of 2.3625 eurocents was announced, bringing the total for the year to 4.6125 eurocents, up 2.5%.
For the coming year, underlying cash profit is expected to be €11.9-12.2bn, with underlying free cash flow between €2.6-2.9bn.
The shares were down 3.1% in early trading.
Our view
HL view to follow.
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.
This article is not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment.