Key highlights of the three month period ended 31 December 2007:
- Group revenue of £9.2 billion, an increase of 15.8%, with organic growth of 4.4%:
- Europe: service revenue growth of 2.0% for Europe, business segment service revenue growth of 4.8%, messaging revenue up 8.1% and data revenue up 35.5%, all on an organic basis
- EMAPA: service revenue growth of 48.1%, reflecting acquisitions of India and Turkey. Organic growth of 13.7%
- Group data revenue up 51.6% with organic growth of 41.5%
- Total Communications products contribute around 13% of Group revenue
- Proportionate mobile customer base of 252.3 million at 31 December 2007, up 10.8 million
- Strong growth in net customer additions of 2.0 million at Verizon Wireless and service revenue growth of 14.4%
- 3.1 million DSL customers across 11 markets following the acquisition of Tele2’s operations in Italy and Spain
- Site-sharing agreement in Italy and IT outsourcing agreement in India demonstrate ongoing drive for efficiency
- Creation of an independent tower company in India to accelerate roll-out and to reduce overall cost
- Vodafone reiterates the increased current year outlook which it announced with its half-yearly results
- Additionally the current year outlook, particularly for revenue, may benefit from exchange rate movements
Arun Sarin, Chief Executive, commented:
“We have sustained our recent momentum in the third quarter, executing on our strategic objectives in competitive markets, with over 250 million proportionate customers driving strong growth in voice usage and data revenue. We are also maintaining our rigorous focus on costs across the Group, positioning us well to sustain our progress. We are reiterating our current year outlook.”
Downloads:
Full Statement (PDF 249kb)
Key Performance Indicators (XLS 152kb)
For further information:
Vodafone Group Plc
Investor Relations
Telephone: +44 (0)1635 664447
Facsimile: +44 (0)1635 682890
Media Relations
Telephone: +44 (0) 1635 664444
Facsimile: +44 (0) 1635 686007
