4 reasons to invest in Vodafone
We operate in growing markets, where we hold strong positions with good local scale. We have a sustainable and predictable financial profile and have compelling structural drivers in Vodafone Business, Africa and in our portfolio of investments.
01
Strong positions in growing markets
STRENGTH
Majority three player markets, all growing over the last three years. Vodafone is also growing faster than the market in most regions.
€ 57 BN
Germany
+1.7%1
€ 50 BN
UK
+2.7%
€ 23 BN
Other Europe
+1.6%
€ 9 BN
Türkiye
16.9%
€ 17 BN
Africa
+10.2%
- Growth rate over a 2-year period (2022-2024)
02
Focus on driving operational excellence
FOCUS
Vodafone is right-sized for growth and reorganised for operational excellence.
9
countries
112 M
mobile customers
19 M
fixed customers
8
countries
227 M
mobile customers
92 M
financial services users
Investments
Operations
Infrastructure
Innovation
Partner markets
Shared Operations
Shared Operations
Procurement
Network services
03
Sustainable and predictable financial profile
SECURITY
Cash flows
Growing free cash flow per share
Robust balance sheet
Long dated and low cost debt
2.25-2.75x target leverage range
Attractive returns
Secure and growing dividend
Long-term share buyback programme
04
Structural growth drivers
GROWTH
Digital service growth +14%
We serve private and public sector customers of all sizes with a broad range of connectivity services, supported by our dedicated global network. We have unique scale and capabilities, and are expanding our portfolio of products and services into growth areas such as unified communications, cloud and security, and IoT.
Daily mobile money transaction value $1.2bn
We provide a range of mobile services. The demand for mobile data is growing rapidly driven by the lack of fixed broadband access and by increased smartphone penetration. Together with Vodacom’s VodaPay super-app and the M-Pesa payment platform, we are the leading provider of financial services, as well as business and merchant services in Africa.
Investment and innovation
Our non-controlled operations are managed centrally through Vodafone Investments, reflecting that these assets need a different governance and oversight structure to support their growth and maximise value creation.