Vodafone Group Public Limited Company (VOD) Reports FY EPS of $0.11; offers FY2024 guidance

Vodafone Group Public Limited Company (NASDAQ: VOD) reported FY23 EPS of $0.11. Revenue for the quarter came in at $45.71 billion.

GUIDANCE:

In order to provide a basis of comparison for our FY24 guidance, we have rebased our FY23 financials to reflect the current structure of the Group and applied foreign exchange rates that are consistent with FY24 guidance rates. On a comparable basis, the rebased FY23 adjusted EBITDAaL is €13.3 billion and adjusted free cash flow is €4.2 billion. Based on the current prevailing assessments of the global macroeconomic outlook, for FY24 we expect: Adjusted EBITDAaL to be ‘broadly flat’ at around €13.3 billion.

Highlighting the pressures on the business, Vodafone said it expects adjusted free cash flow to be 'around' €3.3 billion ($3.6 billion) of cash this financial year, down from €4.8 billion in the year to end-March 2023, reflecting expected working capital movements, interest and dividend receipts (vs. analyst expectations of €3.6 billion).

For earnings history and earnings-related data on Vodafone Group Public Limited Company (VOD) click here.

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