Business
FY23 Preliminary Results
FY23 Preliminary Results.
About this update from Vodafone Group Public Limited Company
[{"type":"text","content":"\n\n\n\n\n\nVodafone Group Plc ⫶ FY23 Preliminary results\n16 May 2023 \nA new roadmap for Vodafone\nMargherita Della Valle, Group Chief Executive, commented: \n\"Today I am announcing my plans for Vodafone. Our performance has not been good enough. To consistently deliver, Vodafone must change.\nMy priorities are customers, simplicity and growth. We will simplify our organisation, cutting out complexity to regain our competitiveness. We will reallocate resources to deliver the quality service our customers expect and drive further growth from the unique position of Vodafone Business.\"\n\n\n\n\nFinancial results\n\n\n\n\n\nFY23\n\n\nFY22\n\n\nChange\n\n\n\n\nPage\n\n\n€m \n\n\n€m \n\n\n%\n\n\n\n\nGroup revenue\n\n\n7\n\n\n45,706\n\n\n45,580\n\n\n0.3 \n\n\n\n\nGroup service revenue\n\n\n7\n\n\n37,969\n\n\n38,203\n\n\n2.2*\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\nOperating profit1\n\n\n7\n\n\n14,296\n\n\n5,813\n\n\n145.9 \n\n\n\n\nAdjusted EBITDAaL2\n\n\n7\n\n\n14,665\n\n\n15,208\n\n\n(1.3)*\n\n\n\n\nProfit for the financial year1\n\n\n7\n\n\n12,335\n\n\n2,773\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\nBasic earnings per share1\n\n\n19\n\n\n42.77c\n\n\n7.71c\n\n\n \n\n\n\n\nAdjusted basic earnings per share1,2\n\n\n19\n\n\n11.45c\n\n\n11.68c\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\nTotal dividends per share\n\n\n22\n\n\n9.00c\n\n\n9.00c\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\nCash inflow from operating activities\n\n\n19\n\n\n18,054\n\n\n18,081\n\n\n(0.1)\n\n\n\n\nAdjusted free cash flow2\n\n\n20\n\n\n4,842\n\n\n5,437\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\nNet debt2\n\n\n21\n\n\n(33,375)\n\n\n(41,578)\n\n\n+19.7 \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n* represents organic growth. See page 3. ǀ 1. FY22 re-presented for the reclassification of Indus Towers. See page 31. ǀ 2. Non-GAAP measure. See page 36.\n\n\n\n\n· FY23 performance slowdown in line with expectations\n· Germany remains under pressure with -1.6%* service revenue growth and -6.1%* adjusted EBITDAaL growth\n· Good performance in Vodafone Business with 2.6%* service revenue growth\n· Group revenue increased by 0.3% to €45.7 billion driven by growth in Afri...