Vodafone Group has released interim results for the six months to September 30, 2001 that were better than the company had been anticipating, after it made realignments to its strategy.
The group’s statutory turnover increased by 27% to £8906 million with statutory operating profit at £3392 million, which amounted to a 40% increase. During the six months, earnings per ordinary share increased by 63% to 2.51 pence per share with the interim dividend rising by 5% to 0.7224 pence per share. The telecoms giant also reported that proportionate EBITDA from mobile businesses increased by 46% to £4,778 million, with an
During the period Vodafone’s customer base continued to grow with a 15% increase in proportionate registered customers to 95.6 million since March 31, 2001. The company’s venture customer base now has over 210.1 million registered customers.
These results show excellent financial performance with robust growth in EBITDA, operating profit and earnings per share, improved margins and strong cash flow generation. This growth in all respects is better than we expected following the realignments to our strategy announced earlier this year, chief executive of Vodafone, Sir Christopher Gent, said to the press.
Vodafone’s enhanced global leadership position, excellent progress on new products and service initiatives, combined with our better operational performance, is delivering strong growth momentum which serves to highlight both the defensive as well as growth qualities of Vodafone, added Sir Christopher.