Vodafone posts €21.9B H1 revenue as adjusted EBITDAaL reaches €6.5B
By Brie CarterKey points
- Vodafone Group reported first-half fiscal 2027 revenue of €21.9 billion, up 11.4% year-over-year, while adjusted EBITDAaL increased 12.6% to €6.5 billion.
- The company recorded a €3.6 billion net loss, reversing a €1.1 billion profit a year earlier, following non-cash impairment and deferred tax charges.
- Vodafone raised its full-year adjusted EBITDAaL forecast to €13.2 billion–€13.4 billion and adjusted free cash flow guidance to €2.8 billion–€3 billion.
Vodafone Group (NASDAQ:VOD) reported first-half fiscal 2027 revenue of €21.9 billion, up 11.4% year-over-year, while adjusted EBITDAaL increased 12.6% to €6.5 billion.
Service revenue rose 12.8% to €18.4 billion, representing organic growth of 5.8%, with contributions from the consolidation of Safaricom, VodafoneThree and Telekom Romania.
Africa recorded 13.4% organic service revenue growth, compared with 0.9% in the UK and 0.4% in Germany, reflecting different regional operating conditions.
Statutory net results swung to a €3.6 billion loss from a €1.1 billion profit a year earlier, reflecting non-cash impairment charges in Germany and deferred tax asset write-downs in the UK.
Vodafone reduced approximately 3,000 roles across Europe and shared operations during the first half, generating €200 million in gross savings, while planning another 2,300 job cuts in Germany over the next two years.
The company raised its full-year fiscal 2027 adjusted EBITDAaL guidance to €13.2 billion–€13.4 billion and adjusted free cash flow forecast to €2.8 billion–€3 billion, while increasing its interim dividend by 2.5% to 2.306 eurocents per share.
