Quarterly ResultJul 27, 2026, 10:16 AM
Vodafone Q1 FY27 Organic Service Revenue +5.2%, EBITDAaL +6.2%; Raises Guidance
AI Summary
Vodafone Group reported a strong start to FY27 with organic service revenue growing 5.2% and organic Adjusted EBITDAaL increasing 6.2%. Total revenue rose 9.7% to €10.3 billion. The company completed the Safaricom transaction, increasing its shareholding to 55%, which contributed to a significant rise in operating profit. Following these results and the Safaricom consolidation, Vodafone updated its FY27 guidance, now expecting to deliver at the upper end of the new ranges for Adjusted EBITDAaL (€13.0 - €13.3 billion) and Adjusted free cash flow (€2.6 - €2.9 billion).
Key Highlights
- Organic service revenue increased 5.2% with growth across all segments.
- Organic Adjusted EBITDAaL increased 6.2% to €2.9 billion.
- Total revenue increased 9.7% to €10.3 billion; service revenue grew 9.8% to €8.6 billion.
- Operating profit increased €2.9 billion to €3.9 billion, primarily due to the Safaricom transaction.
- Vodacom completed the acquisition of an effective 20% of Safaricom, increasing Group shareholding to 55%.
- Updated FY27 guidance: Group Adjusted EBITDAaL expected to be €13.0 - €13.3 billion, Adjusted free cash flow €2.6 - €2.9 billion.
- Company expects to deliver the upper end of the updated FY27 Group guidance ranges.
- VodafoneThree integration is ahead of plan, expecting £700 million annual cost and capital expenditure synergies by FY30.
Price Impact
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