Vodafone Share Discussion Threads

[florenceorbis] 25/1/2019 08:34

Vodafone Group PLC (VOD.LN) said Friday that revenue dropped in the third quarter of fiscal 2019, and backed its guidance for the full year. The London-based telecommunications giant said it generated revenue of 11.00 billion euros ($12.48 billion) in the quarter to Dec. 31, compared with EUR11.80 billion in the year-earlier period. Organic service revenue--a figure closely watched by analysts--rose 0.1% in the third quarter, Vodafone said. This represents a slowdown from the 0.5% increase posted for the three months to Sept. 30. Vodafone said service revenue declined 1.1% in Europe but this was offset by a 4.9% increase in its Rest of World segment. A decline in South Africa was outweighed by growth in other global markets. "Lower mobile contract churn across our markets and improved customer trends in Italy and Spain are encouraging. However, these have not yet translated into our financial results," Chief Executive Nick Read said. Vodafone maintained its guidance for underlying organic adjusted earnings before interest, taxes, depreciation and amortization--its preferred profit measure--to grow around 3% in the year ending March 31, and for free cash flow of around EUR5.4 billion. --Adria Calatayud contributed to this article. Write to Adam Clark at [e-mail] (END) Dow Jones Newswires January 25, 2019 02:31 ET (07:31 GMT)

[veryniceperson] 25/1/2019 08:32

Starting to come back a now.

[florenceorbis] 25/1/2019 08:31

Oliver Haill WebFG News 25 Jan, 2019 08:06 25 Jan, 2019 08:06 Vodafone sees competition ease in Italy and Spain vodafone tower mast Vodafone managed to keep underlying growth positive in the third quarter as it stemmed some of the customer losses in Italy and Spain. Vodafone Group 140.55 08:15:37 25/01/19 -2.76% -3.49 FTSE 100 6,823.11 08:15:37 25/01/19 0.06% 4.24 FTSE 350 3,805.03 08:15:37 25/01/19 0.07% 2.54 FTSE All-Share 3,757.79 08:15:37 25/01/19 0.07% 2.74 Directors reiterated their target of growing adjusted operating profits around 3% and generating €5.4bn of cash before payments in mobile spectrum launches. Organic service revenues of €9.8bn in the three months to 31 December were up 0.1% year on year, slowing from the 0.5% growth in the second quarter but beating analyst expectations for a decline of 0.7%. European consumer service revenues fell 1.1% or 1.3% if excluding UK handset financing or rising 2.4% if excluding Italy and Spain, where Vodafone has been badly bruised by stiff price competition, though this was said to have moderated as the quarter went on, allowing "improved commercial momentum". Growth in Germany slowed slightly but the UK was fairly consistent, with service revenue growth slowing to 0.9% from 1.1% in the preceding quarter if excluding the drag from handset financing. Growth in service revenues from the rest of the world was positive, at 4.9%, as a decline in South Africa blamed on pricing initiatives was offset by good growth in Turkey, Egypt and other African markets. Across the group, mobile contract churn reduced 2.0 percentage points year-on-year, with net additions of 747,000 mobile and 341,000 broadband contracts, with the converged base up by 190,000 in the quarter. Reported revenue growth was down 7% to €11bn as a 6% decline in Europe was surpassed by a 11% contraction in the rest of the world Chief executive Nick Read, who took over at the helm at the start of October but has seen the shares continue their slump to near a decade low due to worries about the sustainability of the dividend, was encouraged by the lower mobile contract churn and improved customer trends in Italy and Spain, though he acknowledged that these have not yet translated into financial results. "We are moving to implement a radically simpler operating model and to accelerate our digital transformation, as demonstrated by the organisational changes we have announced in Spain and the UK," he said, also referring to this week's announcement about an extend of the current network sharing agreement with Telefonica O2 into 5G. He added that after these arrangements have been finalised, the companies also intend to "explore opportunities to monetise our UK tower assets", as has been mooted in the press recently.

[montyhedge] 25/1/2019 08:28

Free cash flow 5.4 billion, dividend safe on superb free cash flow. In my view.Either bargain of the year or something wrong.

[ny boy] 25/1/2019 08:27

142.6p the November low has been breached, see if it can reclaim that level at the close.

[diku] 25/1/2019 08:26

Analysts and the CEO (Board) are not in the same wave length...and at the moment the Analysts are winning...computers controlling the share price and the board just looking at the value getting eroded by the day...all those fancy price targets of 240p is looking like a pipe dream....

[w1ndjammer] 25/1/2019 08:26

Dividend not mentioned this time last year, so business as usual... WJ.

[stewart64] 25/1/2019 08:24

What is the profit or loss for Q3. Are we adding to the 7.8 billion loss for H1 or not?

[markth] 25/1/2019 08:24

Yes big W coming...

[american idiot] 25/1/2019 08:20

Another long-term hold for me then in one of the most boring companies you could invest in ! Probably take me a few years to recover capital losses through dividends but least I can sleep well at night still.

[montyhedge] 25/1/2019 08:19

Free cash flow is the only figure to look at €5.4 billion that is superb. That's means for me dividend is safe.

[veryniceperson] 25/1/2019 08:18

That's right diku 1.8 up hence my earlier post. Never mind. They are going to get punished what ever.

[mastey] 25/1/2019 08:16

Launch the life boats !

[car1pet] 25/1/2019 08:16

heading south at the moment - doesn't look good

[gaffer73] 25/1/2019 08:14

Surprised at the drop but should rise from here imo

[unastubbs] 25/1/2019 08:13

the price has fallen 15% since highs of nov, the key narrative has been sustainability of the dividend, several analysts have downgraded and cited this as a factor. i think not addressing it in this climate is being taken has unhelpful, though i can see why the board have decided to avoid mention of the subj - 'business as usual' etc.

[diku] 25/1/2019 08:05

For a minute ADVFN was showing up...now down...

[montyhedge] 25/1/2019 08:03

Dividend safe I would say, not as bad as investors thought.

[watfordhornet] 25/1/2019 08:02

Am I missing something - I thought divi was dealt with few months ago. We are only in 1st month of 2019 and I thought 2019 had already been reassured as mantained

[veryniceperson] 25/1/2019 08:01

So far so good.

[diku] 25/1/2019 08:01

No mention of divi suggest the door is open either way...

[veryniceperson] 25/1/2019 08:00

At 144 we don't want a big drop do we.

[veryniceperson] 25/1/2019 07:59

There's a lot to digest. Just a few seconds to go.