Turnover at Vodafone Ireland rose to nearly €1 billion22 Dec 2023 17:50
22nd December 2023
Turnover at Vodafone Ireland rose to nearly €1 billion in the 12 months to the end of March with the company forecasting continued growth across all of the core areas in which it operates.
Newly filed accounts show the firm reported a 4.8 per cent increase in revenues to €981.1 million last year, up €44.6 million or 4.8 per cent on 2021. It attributed the rise in sales to increased mobile and fixed line revenues.
Adjusted earnings before interest, taxes, depreciation, and amortisation (ebitda) totalled €149 million, versus €155.1 million in the prior year.
Pre-tax losses edged lower, falling to €28.3 million from €29.8 million a year earlier.
“The telecommunications market in Ireland remains competitive and we expect this to continue into the future. The company expects growth across core areas of the business driven by continued investment and expansion across mobile and fixed broadband services,” it said.
Vodafone employed 956 people locally in 2022, up from 980 in the prior year. Staff costs, including wages and salaries, totalled €90.3 million with directors’ remuneration coming in at €1.75 million.
The telco last year paid out €48.3 million after securing 160Mhz of spectrum across 4 bands in an auction held by the communications regulator, ComReg.
Vodafone’s accounts show it was due €78.5 million from Siro, the joint venture it has with ESB at the end of the reporting period.
“Vodafone Ireland delivered a positive performance in the last financial year, and continues to lead in consumer and business markets,” said Amanda Nelson, chief executive.
“The €500 million investment we announced earlier this year is a testament to our commitment to our customers, our networks and Ireland. We are not only investing in our network's modernisation programme but investing in the future of Ireland’s digital economy, paving the way for a new era of connectivity.”
Read the above article for free here: https://www.businesspost.ie/tech/revenues-near-e1bn-mark-at-vodafone-ireland/
VODAFONE IRELAND LIMITED COMPANY NUMBER: 326967
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
This is a paid company report that was submitted by (Auditor: Ernst & Young) to the IRISH ww.CRO.IE website
on the 19th Dec 2023 on behalf of Vodafone Ireland. Download it here a copy now -->> https://smallpdf.com/result#r=85e0f704eb7461ddd4843c1830a4700f&t=share-document
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