Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
May 07 2024 - 7:05AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULES 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
Dated
May 07, 2024
Commission
File Number: 001-10086
VODAFONE GROUP
PUBLIC LIMITED COMPANY
(Translation
of registrant’s name into English)
VODAFONE
HOUSE, THE CONNECTION, NEWBURY, BERKSHIRE, RG14 2FN,
ENGLAND
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form
20-F ✓
Form 40-F _
This
Report on Form 6-K contains a Stock Exchange Announcement dated 07
May 2024 entitled ‘Change in reporting to reflect reshaped
Group’.
|
Change in reporting to reflect reshaped Group
|
Following the announced sale of Vodafone Spain and Vodafone Italy,
both businesses will now be reported as discontinued
operations.1 The
change in reporting will be reflected in our FY24 Group financial
results (year ended 31 March 2024).
Therefore, to aid comparability with prior periods and reflect the
new reporting structure of the Group (excluding Vodafone Spain and
Vodafone Italy)2,
pro forma financial information for both FY23 and H1 FY24 is
provided below.
A more detailed breakdown is available on our Investor Relations
website: investors.vodafone.com.
Group financial
results*
|
Continuing operations pro forma
|
Change vs. previously reported results
|
H1 FY23
|
H2 FY23
|
FY23
|
H1 FY24
|
H1 FY23
|
H2 FY23
|
FY23
|
H1 FY24
|
€m
|
€m
|
€m
|
€m
|
€m
|
€m
|
€m
|
€m
|
Service revenue
|
15,366
|
14,952
|
30,318
|
14,861
|
(3,841)
|
(3,810)
|
(7,651)
|
(3,757)
|
Total revenue
|
18,949
|
18,723
|
37,672
|
17,983
|
(3,981)
|
(4,053)
|
(8,034)
|
(3,954)
|
Adjusted EBITDAaL
|
6,136
|
6,288
|
12,424
|
5,427
|
(1,108)
|
(1,133)
|
(2,241)
|
(951)
|
Adjusted EBITDAaL margin
|
32.4%
|
33.6%
|
33.0%
|
30.2%
|
0.8%
|
1.0%
|
0.9%
|
1.1%
|
Capital additions
|
3,016
|
4,051
|
7,067
|
2,877
|
(525)
|
(786)
|
(1,311)
|
(488)
|
Adjusted free cash flow
|
(536)
|
4,675
|
4,139
|
(1,380)
|
(23)
|
(680)
|
(703)
|
94
|
* Adjusted
EBITDAaL, Adjusted EBITDAaL margin and Adjusted free cash flow are
non-GAAP measures. See page 40 of Vodafone's H1 FY24 results
announcement for more information.
|
Group organicgrowth
rates*
|
1 April 2022 - 31 March 2023
|
1 April 2023 - 31 March 2024
|
Q1
|
Q2
|
H1
|
Q3
|
Q4
|
H2
|
FY23
|
Q1
|
Q2
|
H1
|
Q3
|
%
|
%
|
%
|
%
|
%
|
%
|
%
|
%
|
%
|
%
|
%
|
Service revenue
|
4.0
|
4.5
|
4.2
|
3.9
|
3.4
|
3.6
|
3.9
|
5.4
|
6.6
|
6.0
|
6.3
|
Total revenue
|
4.9
|
6.9
|
5.9
|
4.9
|
4.3
|
4.6
|
5.3
|
5.3
|
4.0
|
4.6
|
5.9
|
Adjusted EBITDAaL
|
|
|
(0.4)
|
|
|
1.7
|
0.6
|
|
|
3.3
|
|
* Organic service
revenue, total revenue and Adjusted EBITDAaL growth are non-GAAP
measures. See page 40 of Vodafone's H1 FY24 results announcement
for more information.
|
Group organicgrowth rates(excl.
Turkey)*
|
1 April 2022 - 31 March 2023
|
1 April 2023 - 31 March 2024
|
Q1
|
Q2
|
H1
|
Q3
|
Q4
|
H2
|
FY23
|
Q1
|
Q2
|
H1
|
Q3
|
%
|
%
|
%
|
%
|
%
|
%
|
%
|
%
|
%
|
%
|
%
|
Service revenue
|
3.0
|
3.2
|
3.1
|
2.3
|
1.6
|
1.9
|
2.5
|
3.0
|
4.2
|
3.6
|
3.6
|
Total revenue
|
3.7
|
5.4
|
4.5
|
2.9
|
2.2
|
2.6
|
3.5
|
2.3
|
1.1
|
1.7
|
2.9
|
Adjusted EBITDAaL
|
|
|
(1.7)
|
|
|
0.4
|
(0.7)
|
|
|
0.6
|
|
* Organic service
revenue, total revenue and Adjusted EBITDAaL growth are non-GAAP
measures. See page 40 of Vodafone's H1 FY24 results announcement
for more information.
|
Notes
1. Vodafone
Spain and Vodafone Italy will be recognised as discontinued
operations until such a time as the transactions complete. The
financial results of Vodafone Spain and Vodafone Italy will
continue to be reflected in Vodafone Group's consolidated financial
statements. However, the financial results from these businesses
will be reported as discontinued operations and will therefore be
reported separately from our continuing
operations.
2. Reporting
segments will now comprise Germany, UK, Other Europe, Turkey
(previously known as 'Other Markets') and Africa (previously known
as 'Vodacom').
3. The
pro forma view of our FY23 and H1 FY24 financial results has been
prepared for illustrative purposes only. The pro forma view of our
FY23 and H1 FY24 financial results is based on factually
supportable pro forma adjustments, which we consider reasonable.
Future results of operations may differ materially from those
presented.
- ends -
For more information, please contact:
|
Investor Relations:
|
investors.vodafone.com
|
ir@vodafone.co.uk
|
Media Relations:
|
Vodafone.com/media/contact
|
GroupMedia@vodafone.com
|
Registered Office: Vodafone House, The Connection, Newbury,
Berkshire RG14 2FN, England. Registered in England No.
1833679
|
About Vodafone
Vodafone is the largest pan-European and African telecoms company.
We provide mobile and fixed services to over 300 million customers
in 17 countries, partner with mobile networks in 45 more and have
one of the world's largest IoT platforms. In Africa, our financial
technology businesses serve more than 76 million customers across
eight countries - managing more transactions than any other
provider.
Our purpose is to connect for a better future by using technology
to improve lives, businesses and help progress inclusive
sustainable societies. We are committed to reducing our
environmental impact to reach net zero emissions by
2040.
For more information, please visit www.vodafone.com, follow us on X
(formerly Twitter) at @VodafoneGroup or connect with us on LinkedIn
at www.linkedin.com/company/vodafone.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorised.
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VODAFONE
GROUP
|
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PUBLIC
LIMITED COMPANY
|
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(Registrant)
|
|
|
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Date:
May 07, 2024
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By: /s/ M D B
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Name: Maaike de Bie
|
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Title: Group General Counsel and Company Secretary
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