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Wireless

Vodafone forecasts further drop in EBITDA this year

Tuesday 20 May 2014 | 08:43 CET | News
Vodafone Group forecast a further drop in EBITDA this year fiscal year, as the difficult market conditions in Europe continue and negative currency effects weigh on results. The company expects a result of GBP 11.4-11.9 billion in the year to March 2015, down from GBP 12.8 billion last year. The acceleration of capital expenditure under Project Spring will also put pressure on free cash flow, but Vodafone said it expects cash flow to remain positive, before any acquisitions or spectrum and restructuring costs. The company also targets a further increase in the dividend. For the past fiscal

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Categories: Mobile & Wireless
Companies: Verizon Wireless / Vodafone Group
Countries: World
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