Vodafone Group PLC 

Vodafone Group PLC (LSE: VOD) is an FTSE 100 index-listed provider of telecommunications services. It offers voice, messaging, and data services across fixed and mobile networks. 

Q3 FY24 Trading Update (Released on 05 February 2024)

• Revenue Update: The company reported the total revenue which declined by 2.3% to EUR 11,372 mn during Q3 FY24, whereas the total revenue improved by 4.2% on an organic basis. The service revenue segment overall declined to 1.4% to EUR 9,383 mn in Q3 FY24 versus EUR 9,520 mn in pcp, of which the service revenue from Germany stood stable with a marginal increase of 0.3% in the reported period (Q3 FY24).

• Geographical Distribution: The company reported Germany Vodafone Business Service revenue declined by 2.7% where whereas the UK Vodafone Business Service revenue grew by 6.2% in Q3 FY24 as compared to pcp. The group reported a major decline in South Africa Financial Services Revenue by 11.1% in the Q3 FY24.

• Outlook: The management expects the Adjusted EBITDAaL to be close to GBP 13.3 bn and Adjusted Cash Flow to be approx. EUR 3.3 bn for FY24.  

Share Price Chart

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Vodafone Group PLC (LSE: VOD) was trading at the closing market price of GBX 64.25 (as of 12 February 2024)

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 12 February 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 4: Dividend Yield may vary as per the stock price movement.