Monday, 26 June 2017

Vodafone returns to underlying growth

By Nick Wood, Total Telecom
Tuesday 17 May 16

U.K.-based telco giant reports organic revenue improvement for first time since 2008 as Project Spring starts to pay off.

Vodafone reported declines in full-year revenue and EBITDA on Tuesday due to foreign exchange losses; however, on an underlying basis the picture was much rosier. The U.K.-based telco generated revenue of £40.97 billion (€52.38 billion) in the 12 months to 31 March, down from £42.23 billion last year, but up 2.3% organically. Similarly EBITDA came in at £11.61 billion, down from £11.92 billion in fiscal 2015…

Vodafone reported declines in full-year revenue and EBITDA on Tuesday due to foreign exchange losses; however, on an underlying basis the picture was much rosier. The U.K.-based telco generated revenue of £40.97 billion (€52.38 billion) in the 12 months to 31 March, down from £42.23 billion last year, but up 2.3% organically. Similarly EBITDA came in at £11.61 billion, down from £11.92 billion in fiscal 2015…

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