Vodafone Group 1st Half Pretax Profit Rose Despite Challenging Macroeconomic Environment
15 Novembre 2022 - 8:49AM
Dow Jones News
By Kyle Morris
Vodafone Group PLC on Tuesday reported a rise in pretax profit
and revenue for the first half of fiscal 2023 despite the
challenging macroeconomic environment.
The U.K.-based telecommunications company said that pretax
profit for the six months to Sept. 30 was 1.73 billion euros ($1.79
billion) compared with EUR1.28 billion a year prior.
Adjusted earnings before interest, taxes, depreciation and
amortization--which strips out exceptional and other one-off
items--was EUR7.24 billion from EUR7.57 billion, driven by a
material prior year legal settlement, and commercial
underperformance in Germany.
Revenue for the first half was EUR22.93 billion compared with
EUR22.49 billion.
The company updated its guidance for fiscal 2023 as the global
macroeconomic climate has worsened, with energy costs and inflation
hitting performance. Vodafone now sees adjusted Ebitda of EUR15.0
billion-EUR15.2 billion, from EUR15.0 billion-EUR15.5 billion
previously. Adjusted free cash flow is now seen at around EUR5.1
billion, from around EUR5.3 billion.
The board declared an interim dividend of 4.50 European cents
for the period, flat on year.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
November 15, 2022 02:34 ET (07:34 GMT)
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