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Highlights
- Vodafone Group is an FTSE 100 index listed company offering a wide range of telecommunications services across fixed and mobile networks.
- During FY23, the company witnessed 0.3% YoY growth in revenue.
- VOD’s service revenue increased by over 3.7% during Q1 FY24 excluding Turkey.
FTSE 100 index listed Vodafone Group PLC (LSE:VOD) offers telecommunications services, such as messaging, voice, and data services, across fixed and mobile networks.
During fiscal year FY23, the company witnessed 0.3% year-on-year (YoY) growth in revenue. Its basic earnings per share increased by approximately 454.7% during the reporting period. VOD’s IoT SIM connections increased to 162.3 million during FY23 from 150.1 million in FY22. The number of Africa mobile customers rose to 189.9 million during FY23 from 184.5 million in FY22. Moreover, VOD’s net debt decreased to €33.38 billion at the end of FY23 from €41.58 billion at the end of FY22.
The company’s robust performance during the year allowed Vodafone to kick start FY24 on a high note. The firm’s service revenue increased by over 3.7% during the first quarter of FY24 excluding Turkey. VOD has announced to pay a final dividend of 4.50 euro cents per share on 04 August 2023.
For the full fiscal year FY24, VOD is anticipating its adjusted EBITDAaL to be approximately €13.3 billion and adjusted free cash flow to be €3.3 billion.
Top 10 shareholders
More than 37.75% of the total outstanding shares are owned by the top ten shareholders of the company. While Emirates Investment Authority holds the maximum number of shares with approximately 14.01% shareholding, BlackRock Investment Management (UK) Ltd. holds nearly 5.95% stake.
Stock Price Performance
There has been a growth of about 1.00% in the company’s share price in the last one month, while it has declined by over 19.77% over the last six months. The stock’s 52-week low and 52-week high price stands at GBX 69.73 & GBX 124.20, respectively.
Please note markets are trading in a highly volatile zone currently due to certain macro-economic and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 28 July 2023. The reference data in this report has been partly sourced from EODHD/Others.
