Vodafone reported third-quarter organic revenue growth of 3.0% to €10.5bn. Within that, Service revenue grew by 5.4% to €8.5bn, marking a slowdown from the prior quarter as UK growth slipped into negative territory.
Underlying cash profit (EBITAaL) rose by 2.3% to €2.8bn.
€3.5bn of its €4.0bn share buyback programme is complete, with the final €500mn tranche commencing today.
Full-year guidance was reiterated, with underlying cash profit and free cash flow expected to land at the upper end of their €11.3-11.6bn and €2.4-2.6bn target ranges respectively.
The shares fell 4.2% in early trading.
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Vodafone key facts
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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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