Vodafone Announces Results for the Year

Highlights: Group revenue up 3.2% to £45.9 billion

EBITDA down 0.4% at £14.7 billion; EBITDA margin 1.1 percentage points lower at 32.0%, in line with expectations

Vittorio Colao, Group Chief Executive, commented, “The past year has seen further strong performances in our key revenue growth areas of data, emerging markets and enterprise, and we have gained or held market share in most of our key markets.

Continuing network investment is an important differentiator for Vodafone, improving the customer experience and giving us leadership in smartphone penetration and in customer take up of data plans. We enter the new financial year well positioned to deliver further value to our shareholders.”

Following Vodafone’s financial results the Communication Workers Union urges the company to reward staff and protect UK jobs.

Andy Kerr, CWU deputy general secretary, said: “Today’s results show that Vodafone is performing well and enjoying financial success. It’s now time Vodafone rewarded its hard-working staff who have helped bring the company success through recent hard years.

“Staff in the UK have faced successive outsourcing rounds and workplace closures, the most recent in Trowbridge. We’re now urging Vodafone to support their UK workforce and protect these experienced staff by guaranteeing UK jobs.

“With shareholders seeing an increased payout of 7.1 per cent, and company profits up by almost 10 per cent, we hope that Vodafone will look seriously at offering matching pay rises for staff.”

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