Go

Vodafone Romania reports results for the financial year ended March 31, 2007

29 May 2007

In the period April 1, 2006 - March 31, 2007, Vodafone Romania registered:

  • 1.570 million net additions for a total of 7.954 million
  • 29.3% service revenue year on year growth for a total of US $1.304 billion at March 31, 2007
  • US $1.369 billion in total revenue

Vodafone Romania announces key performance indicators for the financial year 2006 /2007, ended March 31, 2007, as reported today by Vodafone Group Plc.

Vodafone Romania registered 1.570 million net additions in the fiscal year 2006/2007, for a total of 7.954 million customers. In the quarter ended March 31, 2007, Vodafone Romania added 237 thousand net customers. As compared to the 2005/ 2006 financial year, Vodafone Romania increased its customer base by 24.6%.

Service revenue increased by 29.3% year on year for a total of US$ 1.304 billion (EUR 1,012 billion) , in the financial year 2006/2007, while the total revenue reached US $1,369 billion (Euro 1,062 billion ), representing an increase of 28 % as compared to 2005/2006 financial year.

"We are very pleased with the strong financial performance achieved in the last fiscal year. Vodafone Romania was again among the fastest growing divisions within the Vodafone Group both in terms of customer numbers and revenue growth. On the local market, Vodafone is again the fastest growing operator with an year on year revenue growth of almost 30%. We will continue to lead the market by bringing innovative products and services and the best offerings to our customers", said Liliana Solomon, President and Chief Executive Officer Vodafone Romania

EBITDA* reached US$ 643.7 million as compared to US$ 510.5 million in 2005/2006, which represents a 26.0% year on year growth. EBITDA margin reached 47.0% this financial year.

Average revenue per user (ARPU) was US$15.1, at the end of March, 2007, as compared to US$ 14.9, at the end of March, 2006.

Postpaid subscribers accounted for 33.8% and prepaid for 66.2% of Vodafone Romania's total subscriber base.

Vodafone Romania, a subsidiary of Vodafone Group Plc., had 7.954 million customers, as of March 31, 2007. Vodafone is the world's largest international mobile telecommunications group with equity interests in 25 countries and Partner Networks in a further 38 countries. Providing a full range of mobile telecommunications services, including voice and data communications, Vodafone currently serves 206.4 million proportionate customers worldwide.

*Earnings Before Interests, Taxes, Depreciation and Amortization