0
General

Vodafone Group returns to FY profit on lower revenues, targets higher EBITDA in new year

Tuesday 18 May 2021 | 08:53 CET | News
Vodafone Group reported a return to net profit in its fiscal year to March, at EUR 536 million versus a loss of EUR 455 million a year ago. The company maintained its dividend at 9 cents a share and said it aims to keep that as a floor in the coming years, as it focuses on returning to growth in adjusted EBITDA and cash flow. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Liberty Global / Vantage Towers / Vodafone Group
Countries: Africa / Europe
::: add a comment
This article is part of dossier

5G

,

Coronavirus

,

IoT


Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Vodafone closes USD 2.45 billion offering of hybrid securities

Published 04 Jun 2021 17:00 CET | Europe
Vodafone Group said it has closed a USD 2.45 billion hybrid securities offering due 4 June 2081. Vodafone has applied to list the ...

Vodafone Portugal FY service revenues up slightly to EUR 989 million

Published 20 May 2021 12:45 CET | Portugal
Vodafone Portugal reported service revenues of EUR 989 million in the fiscal year to March, up 0.6 percent year-on-year. In the ...

Vodafone in talks to join Openreach full-fibre network roll-out

Published 19 May 2021 10:35 CET | United Kingdom
Vodafone is in talks with BT about investing in Openreach's accelerated full-fibre network roll-out, reports The Telegraph. ...

Vodafone Turkey service revenues up 17% in March quarter

Published 18 May 2021 16:23 CET | Turkey
Vodafone Turkey saw its service revenues in the fiscal fourth quarter to 31 March grow 16.7 percent on an organic basis to the ...

Vodafone Greece quarterly service revenues down 2% to EUR 205 million

Published 18 May 2021 15:54 CET | Greece
Vodafone Greece saw its service revenues in the fiscal fourth quarter to 31 March drop 1.9 percent year-on-year to EUR 205 ...

Vantage Towers offers first dividend after modest rise in FY results

Published 18 May 2021 15:00 CET | Europe
Vantage Towers, the infrastructure company spun off from Vodafone, has announced annual results in line with its guidance and ...

Vodafone Romania FY service revenue falls 2% to EUR 801 mln

Published 18 May 2021 12:41 CET | Romania
Vodafone Romania saw its service revenue for the fiscal year to March reach EUR 801 million, down 1.5 on an organic basis, mainly ...

Vodafone Ireland adds 7,000 contract mobile, 4,000 fixed broadband customers in Q4

Published 18 May 2021 10:49 CET | Ireland
Vodafone Ireland added 68,000 contract mobile customers in the year to 31 March 2021, with contract mobile churn improving 0.6 ...

Vodafone UK adds 219,000 contract mobile, 192,000 fixed customers in FY21

Published 18 May 2021 10:39 CET | United Kingdom
Vodafone UK generated total revenue of EUR 6.15 billion for the FY ending March 2021, down 5.1 percent from EUR 6.48 billion in ...

Vodafone Germany grows mobile, fixed-line service revenues in Q4

Published 18 May 2021 09:53 CET | Germany
Vodafone Germany said its service revenues rose by 1.2 percent on an organic basis in its fiscal fourth quarter to March, to EUR ...

Vodacom South Africa FY service revenue climbs 7%

Published 18 May 2021 09:38 CET | South Africa
Vodacom South Africa's service revenue increased by 7 percent to ZAR 56.41 billion in the year ended 31 March compared with ZAR ...

Vodafone Spain sales down 1.3% in March quarter, grows FY EBITDA

Published 18 May 2021 09:35 CET | Spain
Vodafone Spain said its organic service revenues fell 1.3 percent year on year to EUR 972 million in its fiscal fourth quarter to ...

Vodacom Group FY revenue rises 8%, gains 8 mln customers

Published 18 May 2021 09:32 CET | Africa
Vodacom Group's revenue increased by 8.3 percent to ZAR 98.3 billion for the year ended 31 March compared with ZAR 90.75 billion ...

Vodafone expands deal with Google Cloud to build global data platform

Published 03 May 2021 09:33 CET | World
Vodafone Group announced a new six-year strategic partnership with Google Cloud. In what Vodafone says is a significant expansion ...

Vodafone to raise up to EUR 2.3 billion from Vantage IPO

Published 18 Mar 2021 12:04 CET | Europe
Vodafone has set the final offer price for the initial public offering of its unit Vantage Towers, at EUR 24 per share. The ...

Swantee to join Vodafone board as non-executive director

Published 11 Feb 2021 09:26 CET | World
Vodafone Group announced that Olaf Swantee is joining the operator's board as a non-executive director. At the same time the ...

Vodafone Group maintains outlook after return to organic service revenue growth in Q3

Published 03 Feb 2021 08:35 CET | Europe
Vodafone Group reported a return to positive organic service revenue growth in its fiscal third quarter to December, with growth ...

Vodafone invests EUR 20 mln to advance digital skills, education in Europe

Published 25 Jan 2021 16:16 CET | Europe
Vodafone announced an investment of EUR 20 million by the Vodafone Foundation to expand digital skills and education programmes ...

Vodafone underlying service revenue still off in Q2 on reduced roaming

Published 16 Nov 2020 09:58 CET | Europe
Vodafone said underlying service revenue declines slowed on a sequential basis in its fiscal second quarter to end September, to ...

Vodafone to evaluate suppliers on basis of diversity and sustainability

Published 23 Sep 2020 09:33 CET | World
The Vodafone Group has announced an overhaul of its supply chain, committing to evaluating suppliers in its bid selection process ...

Vodafone underlying service revenue turns lower in Q1 as pandemic reduces roaming, business revenue

Published 24 Jul 2020 08:37 CET | Europe
Vodafone's underlying service revenues turned lower again in its fiscal first quarter to June, with a drop of 1.3 percent in ...

Vodafone accelerates renewable energy target to 2021 in Europe

Published 20 Jul 2020 13:17 CET | Europe
Vodafone Group said it expects to have all its European networks running on 100 percent renewable electricity by July 2021 at the ...