Share Name Share Symbol Market Type Share ISIN Share Description
Vodafone Group Plc LSE:VOD London Ordinary Share GB00BH4HKS39 ORD USD0.20 20/21
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.47 -1.59% 91.20 91.20 91.23 92.32 90.75 92.32 7,857,851 10:51:49
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mobile Telecommunications 38,392.9 3,330.5 6.1 14.4 24,473

Vodafone Says It Is on Track to Meet Fiscal Year 2023 Guidance After 3Q Total Revenue Fell Slightly

01/02/2023 7:51am

Dow Jones News

Vodafone (LSE:VOD)
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By Kyle Morris


Vodafone Group PLC said Wednesday that third-quarter total revenue fell slightly on year and that it is on track to meet its updated fiscal 2023 guidance.

The U.K.-based telecommunications company said group service revenue growth for the period ended Dec. 31 was 1.8% on an organic basis compared with 2.7% a year earlier.

Germany organic service revenue declined by 1.8%, it said.

Total revenue for the quarter was 11.64 billion euros ($12.65 billion) compared with EUR11.68 billion a year prior.

The company reaffirmed fiscal 2023 guidance, with adjusted earnings before interest, taxes, depreciation and amortization after leases--which strips out exceptional and other one-off items--expected between EUR15.0 billion and EUR15.2 billion. Adjusted free cash flow is seen at around EUR5.1 billion.

"There is more to do and our focus is to provide a better service to our customers, become a simpler business and deliver growth," Group Chief Executive Margherita Della Valle said.


Write to Kyle Morris at


(END) Dow Jones Newswires

February 01, 2023 02:36 ET (07:36 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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