Vodafone 1Q Revenue Grew; Sees Fiscal Year 2022 on Track
23 Julho 2021 - 03:34AM
Dow Jones News
By Adria Calatayud
Vodafone Group PLC said Friday that first-quarter revenue rose
as growth in its closely-watched organic revenue accelerated, and
that it is on track to meet its guidance for fiscal 2022.
The U.K.-based telecommunications group said revenue for the
three months ended June 30 was 11.10 billion euros ($13.07 billion)
compared with EUR10.51 billion for the same period last year. On an
organic basis, Vodafone's first-quarter revenue grew 5.6% on
year.
Vodafone's organic service revenue--a key metric in the telecom
sector--grew 3.3% in the quarter, accelerating from a 0.8% increase
in the previous quarter. In Germany, Vodafone's largest market,
service revenue was up 1.4%.
The company said roaming and visitor revenue grew 56% on year,
but is still sharply below pre-pandemic levels.
Vodafone said it is on track to deliver its guidance for
adjusted earnings before interest, taxes, depreciation and
amortization--the company's preferred profit metric, which strips
out exceptional and other one-off items--for fiscal 2022 of between
EUR15.0 billion and EUR15.4 billion, with an adjusted free cash
flow of at least EUR5.2 billion.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
July 23, 2021 02:28 ET (06:28 GMT)
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