Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Vodafone Group plc    VOD   GB00B16GWD56

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Vodafone Profit Down, Hurt By Southern Europe Woes

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/22/2012 | 09:07am CEST

("Vodafone Profit Down, Hurt By Southern Europe Woes," at 0652GMT, misstated the currency in the first paragraph. The correct version follows:)

By Lilly Vitorovich

Of

Vodafone Group PLC (>> Vodafone Group plc), the world's biggest mobile operator by revenue, Tuesday reported a fall in net profit, hurt by impairment charges of GBP4 billion related to its businesses in recession-hit southern Europe and warned the economic environment in Europe -- by far its biggest market -- will remain difficult.

Vodafone posted a 13% fall in net profit to GBP6.96 billion for the year ended March 31, from GBP7.97 billion a year earlier. The year-earlier result included a GBP6.15 billion impairment due to the economic troubles in southern Europe but also included contributions from sold businesses SFR and Polkomtel.

Earnings before interest, tax, depreciation and amortization--a figure that excludes one-time effects and is closely tracked by analysts--fell 1.3% to GBP14.48 billion from GBP14.67 billion, broadly in line with market expectations of GBP14.5 billion.

Annual revenue rose 1.2% to GBP46.42 billion, ahead of expectations of GBP46.2 billion. That compares with GBP45.88 billion a year earlier.

With its revenue from traditional fixed line calls under pressure from free Internet services like Microsoft Corp.'s (MSFT) Skype and WhatsApp messenging system, the company is focused on boosting revenue it gets from the boom in customers downloading information onto Internet-surfing smartphones such as Apple Inc.'s (>> Apple Inc.) iPhone and Samsung Electronics Co. Ltd.'s (005930.SE) Galaxy handsets.

Data revenue rose 22% on a comparable basis as customers with smartphones reached 45%, Emerging markets also did well, particularly India where revenue from phone services was up 20%.

Vodafone last month agreed to buy C&W Worldwide PLC (CW.LN) for GBP1.04 billion, transforming the purely mobile operator into the U.K.'s second-biggest mobile and fixed-line operator behind BT Group PLC (BT.A.LN). The acquisition will improve Vodafone's network coverage in the U.K. and support its business-to-business operations around the globe.

In July, Vodafone said it would receive a GBP2.8 billion dividend from its 45% stake in U.S. mobile giant Verizon Wireless, co-owned by Verizon Communications Inc., after a six-year wait and would return the bulk to shareholders.

On Tuesday, Vodafone declared a final dividend of 6.47 pence, taking the total for the year to 9.52 pence, up 7% from a year earlier. During the year, the company also paid a special dividend of 4 pence, paid out of the income dividend it received from Verizon Wireless. As a result, total dividends were up 52%.

Vodafone shares closed down 1% at 165 pence Monday, valuing the company at GBP81.51 billion. The stock has fallen 7.8% since January.

-By Lilly Vitorovich, Dow Jones Newswires; 44-0-207 842 9290; [email protected]

Stocks mentioned in the article : Vodafone Group plc, Vodafone Group plc, Apple Inc.
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on VODAFONE GROUP PLC
12:32a VODAFONE : “Vodafone saved my son” - Father of Healthline beneficiar..
04/24 EU states push back against 25-year wireless spectrum licences
04/24 MVNO MONDAY : a guide to the week’s virtual operator developments
04/24 VODAFONE UNVEILS TRULY UNLIMITED PLA : Believe it or not, you can make unlimited..
04/23 TELSTRA : Mobile upstart scares existing players
04/22 VODAFONE : to offer 9% additional stake to Aditya Birla Group
04/20 VODAFONE : Italy expands 1Gbps fibre service
04/19 VODAFONE : Voice call quality improves in February
04/19 VODAFONE : PineBridge preparing to sell majority stake in AKTA
04/19 Vodacom Tanzania extends IPO deadline to woo more local investors
More news
Sector news : Wireless Telecommunications Services - NEC
12:54a T-Mobile open to merger talks, new subscribers top estimates
04/22DJAT&T : Spotlight on AT&T's Media Strategy as Wireless Loses Luster
04/21DJCHINA UNICOM HONG KONG : First-Quarter Net Profit Up 79% to CNY862 Million
04/21DJVerizon Customers Defect As Competition Ramps Up -- WSJ
04/20DJVerizon, for First Time, Loses Core Wireless Customers -- 3rd Update
More sector news : Wireless Telecommunications Services - NEC
Advertisement
Financials (€)
Sales 2017 53 596 M
EBIT 2017 2 937 M
Net income 2017 -1 409 M
Debt 2017 32 901 M
Yield 2017 6,12%
P/E ratio 2017 -
P/E ratio 2018 32,14
EV / Sales 2017 1,82x
EV / Sales 2018 1,85x
Capitalization 64 425 M
More Financials
Technical analysis trends VODAFONE GROUP PLC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus 
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 2,71 €
Spread / Average Target 14%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Vittorio Amedeo Colao Chief Executive Officer & Executive Director
Gerard Johannes Kleisterlee Chairman
Nicholas Jonathan Read Group Chief Financial Officer & Executive Director
Johan Wibergh Group Technology Officer
Philip Edward Yea Senior Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
VODAFONE GROUP PLC70 002
AT&T INC.-5.90%246 264
CHINA MOBILE LTD.0.98%218 100
NTT DOCOMO INC-0.88%93 302
SOFTBANK GROUP CORP5.35%81 646
VODAFONE GROUP PLC-0.55%70 002
More Results