Are you looking for information about offers, devices or your account?

Please choose your local Vodafone website

Interim Management Statement for the Quarter ended 30 June 2012

20 Jul 2012Technology
  • Group service revenue increased 0.6%*; excluding mobile termination rate (‘MTR’) cuts growth was 2.3%*

  • Continued strong service revenue growth in emerging markets: Vodacom 5.7%*, India 16.2%* and Turkey 18.7%*

  • Mixed trends in Europe: service revenue growth strong in Germany at 4.2%*; UK -0.8%* due to increased competition and a weaker economy; conditions in Italy (-7.7%*) and Spain (-10.0%*) remain challenging

  • Verizon Wireless (‘VZW’) service revenue grew 8.2%* driven by data

  • Group data revenue grew 17.1%* reflecting an increase in Europe smartphone penetration to 28.7%

  • £0.9 billion of free cash flow after capital investment of £1.1 billion

  • Good progress in strengthening our business: proposed acquisitions of Cable & Wireless Worldwide and TelstraClear; network sharing agreements in five markets

  • Net debt reduced to £22.7 billion after receipt of final SoftBank proceeds (£1.5 billion) and £0.8 billion of share buybacks (£6.8 billion share buyback programmes almost complete)

  • Full year outlook confirmed

  Change year-on-year
 Quarter ended June 2012ReportedOrganic
Group revenue10,767-7.71
Group service revenue9,975-8.10.6
Africa, Middle East and Asia Pacific3,033-46.1
Capital expenditure1,116-7.5 
Free cash flow943

For further information:

Investor Relations
Telephone: +44 7919 990230

Media Relations
Telephone: +44 1635 664444