Vodafone Group PLC (NAS:VOD)
$ 8.855 -0.015 (-0.17%) Market Cap: 22.83 Bil Enterprise Value: 69.18 Bil PE Ratio: 8.54 PB Ratio: 0.37 GF Score: 73/100

Q1 2022 Vodafone Group PLC Trading Statement Call Transcript

Jul 23, 2021 / 09:00AM GMT
Release Date Price: $16.5 (+1.79%)
Nicholas Jonathan Read
Vodafone Group Plc - CEO & Executive Director

Good morning, everyone, and thank you for taking the time to join us, Margherita and myself, at our Q1 trading results announcement. You'll find on our website, hopefully, a comprehensive set of materials to help you understand our results. But I thought I'd just take an opportunity just to touch very briefly, 30 seconds, on just the key highlights before we then go on to questions.

We are back to service revenue growth in Europe as well as Africa with over a 3% growth in the quarter, and we're growing in both consumer and business. Around 1 percentage point of that growth was clearly a lapping effect of COVID-19 last year that obviously suppressed our results. But even excluding that, I would say that is a very healthy growth rate for us as a business, and we are firmly on track on our guidance.

Now clearly, we're not back to normal yet on our trading activity, our commercial activity and sales volumes. Footfall in the big 4 European countries in aggregate was around 40% below pre-COVID levels. So we've yet to

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot