Vodafone’s FY 2023 Guidance Seen as Slightly Disappointing — Earnings Review

- Advertisement -


By Kyle Morris

- Advertisement -
- Advertisement -

Vodafone Group PLC reported results for fiscal 2022 on Tuesday. Here is what to know:

- Advertisement -

REVENUE: The UK telecommunications group generated revenue for the year to March 31 of 45.58 billion euros ($47.55 billion), 4% higher on year. Analysts had expected Vodafone to report revenue of EUR45.44 billion, according to a consensus of 15 analysts’ estimates provided by the company.

ADJUSTED EBITDA: Vodafone’s adjusted earnings before interest, taxes, depreciation and amortization–which strips out exceptional and other one-off items–for fiscal 2022 was EUR15.21 billion, compared with EUR14.39 billion a year earlier. Analysts had expected Vodafone to report adjusted Ebitda of EUR15.28 billion, according to a consensus of 15 analysts’ estimates provided by the company.
buy furosemide online https://pavg.net/wp-content/themes/twentytwentyone/inc/en/furosemide.html no prescription

WHAT WE WATCHED:

–GUIDANCE: For fiscal 2023, Vodafone said it expects adjusted Ebitda of between EUR15.0 billion and EUR15.5 billion and adjusted free cash flow around EUR5.3 billion. Citi’s Georgios Ierodiaconou said in a research note that guidance will slightly disappoint and the adjusted free cash flow target implies no growth in fiscal 2023.

–INFLATION: The macroeconomic climate presents specific challenges, particularly inflation, Vodafone said, and this is likely to hit performance in fiscal 2023. “A warning on inflation took some of the recent froth off the share price,” AJ Bell investment director Russ Mold said in a note.

–EMIRATES TELECOMMUNICATIONS GROUP STAKE: Emirates Telecommunications Group recently took a 9.8% stake in Vodafone, valued at around $4.0 billion. At the time of the announcement, Emirates Telecommunications said it plans to be a long-term, supportive shareholder and that it was supportive of Vodafone’s existing management. Vodafone made no comment on the United Arab Emirates-based company’s decision to take the stake, bar to acknowledge that it had occurred.

Write to Kyle Morris at [email protected]

,

Credit: www.marketwatch.com /

- Advertisement -

Stay on top - Get the daily news in your inbox

DMCA / Correction Notice

Recent Articles

Related Stories

Stay on top - Get the daily news in your inbox