Vodafone FY EBITDA falls 5.4%


Vodafone's (VOD) FY EBITDA dropped 5.4% to £12.8B as revenue slipped 1.9% to £43.6B, hurt by the carrier's exposure to sluggish European markets.

Net profit attributable to shareholders soared to £59.25B from £413M a year earlier, boosted by the sale of Vodafone's 45% stake in Verizon Wireless for $130B, for which the British carrier received a one-off contribution of £48.2B.

Adjusted operating profit dropped 37% to £7.67B, mainly due to a much lower contribution from Verizon Wireless before it was sold.

In Q4, organic service revenue declined 3.8%, although that was slightly less than consensus of -3.9%.

Expects FY 2015 EBITDA to drop to £11.4-11.9B.

"Our operational performance has been mixed," says CEO Vittorio Colao. While Vodafone's "emerging markets businesses have performed strongly," in Europe, the company continues "to face competitive, regulatory and macroeconomic pressures."

Vodafone declared a final dividend of 7.47 pence a share, giving total dividends of 11 pence, up 8%. (PR)

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Comments (3)
  • Jdeboer87
    , contributor
    Comments (333) | Send Message
     
    I am starting to think that the price of VOD before the spin-off of VZ did include a premium for VZ. The problem was VOD by itself was over valued.
    20 May 2014, 10:44 AM Reply Like
  • mjb0909
    , contributor
    Comments (227) | Send Message
     
    Jd You got right--VOD was always overvalued & the only thing that was keeping it up was its 45% stake in VZ. Well that is gone & what was really comical were all the negative comments coming from the VOD holders against AT& T when T bought DTV instead of VOD. They were angry because they were certain that T would buy VOD. T was too smart to fall for that one & now after this VOD downturn boy do they have egg all over their face or maybe they just had a "root canal"
    20 May 2014, 11:07 PM Reply Like
  • 11146471
    , contributor
    Comments (1373) | Send Message
     
    What is VOD planning to do with all that cash?
    29 May 2014, 09:42 AM Reply Like
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