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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 (283) | 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 (170) | 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 (1166) | Send Message
     
    What is VOD planning to do with all that cash?
    29 May 2014, 09:42 AM Reply Like
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