An as expected H1 release for Vodafone: H1 revenues were up by 2.8% yoy organically to £20.27bn (where we were expecting £20.1bn) with continued strong growth in AMAP, further evidence of stabilisation in Europe and a fifth consecutive quarter of improving revenue trends. And last but not least, EBITDA returned to growth, up by 1.9% yoy to £5.79bn (vs £5.75bn in our model). Consequently, the full-year guidance is slightly raised with an EBITDA range of £11.7-12bn

10 Nov 2015
Less and less suffering in its European mobile activities

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Less and less suffering in its European mobile activities
Vodafone Group Plc (VOD:LON) | 75.3 0.7 1.2% | Mkt Cap: 18,827m
- Published:
10 Nov 2015 -
Author:
Jean-Michel Salvador -
Pages:
3 -
An as expected H1 release for Vodafone: H1 revenues were up by 2.8% yoy organically to £20.27bn (where we were expecting £20.1bn) with continued strong growth in AMAP, further evidence of stabilisation in Europe and a fifth consecutive quarter of improving revenue trends. And last but not least, EBITDA returned to growth, up by 1.9% yoy to £5.79bn (vs £5.75bn in our model). Consequently, the full-year guidance is slightly raised with an EBITDA range of £11.7-12bn