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Resilient performance in Europe & Africa, good progress on operational & portfolio priorities
https://www.londonstockexchange.com/news-article/VOD/half-year-report/15715306
debt is up agian???? 45,5B. wow terrible
The interim dividend per share is 4.5 eurocents (FY22 H1: 4.5 eurocents). The ex-dividend date for the interim dividend is 24 November 2022 for ordinary shareholders, the record date is 25 November 2022 and the dividend is payable on 3 February 2023.
Back into the 90’s we go - can Read do one better and take us into the 80’s .
Not bad interims
Group revenue growth of 2.0% to €22.9 billion, driven by service revenue growth and higher equipment sales
· Operating profit increased by 12.0% to €2.9 billion, reflecting a higher share of income from associates and joint ventures and lower depreciation and amortisation
this will open down loads in 30 mins
Neutral results I think. I don't see any reason it should open down, or up for that matter. But I know nothing.
italy result is horrible. they should have sold it when they had the chance.
Germany is same terrible results. Loosing market share and EBITDAaL is down.
Ouch, that's really painful...
ITs ok - Read says so
“Nick Read said Vodafone was delivering a resilient performance in the context of a challenging macroeconomic environment” hahaha
He needs to go. the dividend cancelled. Vantage towers should have sold the whole thing off. Instead they did a half ass deal.
To combat this backdrop, Read said the company would be taking “pricing action” across Europe, including introducing an additional cost saving target, which the Vodafone boss said was focused on “streamlining and further simplifying the Group”. This target is set to be achieved by FY26.
lol he wants another 3 years to sort it out. what a looser
We continued to make progress with our strategy during the first half of FY23 and highlights include: further deepening our customer relationships with lower customer churn; good results from our increased capital investment with improvements in network quality; increasing penetration of financial services in Africa; and another successful year of digital enabled efficiencies. ...
'we are systematically executing our organic growth strategy and making significant progress with our proactive portfolio management plans; we have significant action plans under way to mitigate the challenging macroeconomic backdrop; and we are committed to improving shareholder returns through our long-term organic strategy.
Our action plan to mitigate the current macroeconomic challenges includes price initiatives and an extension of our ongoing efficiency programme. Price initiatives have been implemented in 12 out of 13 European markets and include contractual price increases, reduced promotional discounts and new ARPU accretive product portfolios. We now have 7 European markets with inflation-linked pricing structures. The extension of our efficiency programme will generate over €1 billion of additional cost savings by FY26 through streamlining and simplifying our group-wide structure and further accelerating the digitalisation of our operations.'
There it is he is confident he is going to provide value to shareholders . laughable
“We are confident that the ongoing delivery of our organic strategy and portfolio actions will underpin long-term growth and create value for shareholders."
Key FY outlook/ guidance metrics still look OK given the macro
Adjusted EBITDAaL was €15.0 - €15.5 billion and now €15.0-15.2 billion
Adjusted free cash flow was c. €5.3 billion now c.€5.1 billion