Vodafone, revenues at +2% but the devaluations send the budget in red for 3.7 billion
With the use of the proceeds from the sale of Italian activities Vodafone launches a new purchase program of its own shares for 2 billion euros
The Vodafone group has made revenues for 37.44 billion euros in the 2024-25 exercise, an increase of 2%with a substantially stable after Lease Ebitda (-0.8%) to 10.9 billion euros but reported a negative net result for 3.7 billion due to the devaluation of activities in Germany and Romania for 4.5 billion overall.
The 2023-24 exercise had closed with a profit of 1.5 billion. The result by action is negative for 15.86 cents In the face of the profit of 4.45 cents a year ago, on a rectified level there was a profit per share of 7.87 cents from 7.47 of a year ago. This is what we read in the note on the annual results that are defined in line with the expectations. The Ebitda was in fact estimated at 11 billion and the free cash flow above 2.4 billion (2.5 billion the result achieved).
For the current exercise, the group reports that « The remarkable uncertainties » on a commercial level and exchange rates « They could have an impact on financial results. » The current estimate is of a rectified after lease ebitda of 11-11.3 billion with a rectified free cash flow of 2.6-2.8 billion. Due to the reorganization of activities in GermanyVodafone also adds that the rectified after lease ebitda of European activities is estimated at 7.2-7.4 billion.
Prospects and strategy
« In perspective, we expect to see a large momentum throughout Europe and Africa and that Germany returns to grow during this year, » said CEO Margherita della Valle.
Vodafone launches a new program of Purchase of own shares for maximum 2 billion euros with the use of the proceeds deriving from sale of Italian activities. The first tranche of 500 million will start today. This is announced by the telecommunications group in the note on the results of the year 2024-25. Yesterday the group closed the previous buyback, started in March 2024, with which he purchased about 2.4 billion titles for 2 billion euros. On the results of the last year, Vodafone will pay a dividend of 4.5 cents per share (9 cents last year’s coupon) declaring the intention to grow remuneration to members over time. The overall amount of remuneration to shareholders relating to the 2024-25 exercise, between buybacks and dividends, is 3.7 billion.
