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Vodafone Group Plc ("Vodafone") is publishing today additional information to assist investors and analysts in their understanding of Vodafone's results for the year ended 31 March 2007 and outlook statement for the year ending 31 March 2008 ("2008 financial year") to be announced on 29 May 2007.

Regional structure

In April 2006, Vodafone announced a revised organisational structure, principally aimed at creating a Europe Region and an Eastern Europe, Middle East and Africa, Asia, Pacific and Affiliates ("EMAPA") Region, effective from 1 May 2006.

Arcor, the Group's fixed line business in Germany, was managed independently from these two regions and therefore financial information for Arcor was presented separately.  With effect from October 2006, Arcor has been managed within the Europe Region and consequently the preliminary results will present segmental financial information, including comparative information, for the Group in accordance with this structure.

Certain unaudited comparative information for the year ended 31 March 2006 and the six months ended 30 September 2006 is provided below on this basis.

Basis for outlook statement

The Group has previously stated that its outlook statement on revenue and profitability will move from a proportionate basis to a statutory basis with effect for the 2008 financial year.  The outlook for profitability will be based on adjusted operating profit, which is representative of all the Group's businesses, rather than statutory EBITDA, which excludes the results from associates.  There will be no change in basis for capital expenditure or cash flow.  The Group's outlook will reflect current expectations for average foreign exchange rates for the 2008 financial year.
 
Accordingly, the Group will provide an outlook statement based on the following measures and in the format illustrated:

• Group revenue  - £ o to o billion
• Group adjusted operating profit - £ o to o billion
• Capitalised fixed asset additions - £ o to o billion
• Free cash flow - £ o to o billion

The Group will provide an estimate for total depreciation and amortisation.  The outlook for free cash flow and capitalised fixed asset additions will be stated including the impact of any known spectrum or licence purchases only.

Following completion of the Hutchison Essar acquisition on 8 May 2007, its results will be consolidated and reflected in the outlook statement from that date. 

For further information:

Vodafone Group

Investor Relations
Tel: +44 (0) 1635 664447

Media Relations
Tel: +44 (0) 1635 664444

 Download the full press release including related data (PDF 220KB)

The financial information contained in this document is for convenience only and does not contain sufficient information to allow a full understanding of the historical results and state of affairs of Vodafone and the Vodafone Group.  For more detailed information, including definitions of terms, regarding the financial results of the Vodafone Group for the financial periods referred to in this announcement, please refer to Vodafone's Annual Report for the year ended 31 March 2006 or Vodafone's interim results announcement for the six months ended 30 September 2006 relating to such financial period, as appropriate, which in each case can be found on our website (www.vodafone.com).