Vodafone has announced a 'robust' set of results for the year ending 31 March, which it says has positioned it well in 'a difficult macroeconomic environment'.
Vodafone Group chief executive Vittorio Colao said: 'Our commercial performance and our ability to leverage scale continue to be strong, enabling us to gain or hold market share in most of our key markets, and reduce the rate of margin decline.
'Our robust cash generation and the dividend received from Verizon Wireless have enabled us to translate this operational success into good returns for shareholders.'
The following areas have been highlighted by Vodafone:
• Group revenue was up 1.2% to £46.4bn; full year organic service revenue growth +1.5%*; Q4 +2.3%*
• EBITDA down 1.3% to £14.5bn; EBITDA margin 31.2%, down 0.8% (0.6% before restructuring costs)
• Verizon Wireless service revenue up 7.3%*; our share of profits up 9.3%* to £4.9bn
• Adjusted operating profit at £11.5bn, up 2.5%* on an organic basis
• Gain on disposal of investments of £3.5bn, and impairment charges of £4bn
• Free cash flow £6.1bn after capex of £6.4bn
• Final dividend per share of 6.47p, giving total dividends per share for the year of 13.52p
(including 4p special dividend), up +51.9%
Colao added: 'Our goal over the next three years is to continue to strengthen our technology and commercial platforms through reliable and secure high-speed data networks, significantly enhanced customer service across all channels, and improved data pricing models, to enrich customers' experience and maximise our share of value in the markets in which we operate'.
• Full details of the results