Revenues and organic Ebitda growing for Vodafone Group which closes the 2015-16 financial year on 31 March with brilliant results in Italy and in the AMAP area (Africa, Middle East and Asia Pacific) and in particular in South Africa, Turkey and Egypt. For what concern turnover, Vodafone reported revenues of £40,9 billion, down 3% reported primarily due to currency movements and up 2,3% organically, i.e. on a comparable basis adjusted for changes in perimeter and currency fluctuations. The trend was confirmed and highlighted in the 4th quarter with organic growth in revenues from services of 2,5%.
THEEbitda was £11,6 billion (-2,5% reported, +2,7% organic), and EBIT increased from £1,96 billion to £1,37 billion. There net loss for the year financial year is £3,8 billion in the 2015-2016 fiscal year which ended 31 March. The result was essentially affected by the cut in tax assets in Luxembourg for 3,2 billion pounds, the purchase of mobile telephony frequencies in various countries (Germany, India, Turkey, Italy and the United Kingdom) and the increase in the tax rate. The group made it known in a note.
THEnet borrowing it amounted to 29,3 billion, with an increase of 31% due to the impact of acquisitions and foreign currency movements. The final dividend proposed by the Board is 7,77 pence per share (+2%), which brings the full-year dividend to 11,45 pence per share, up 2%.
Well i too results in Italy where the group ended the fiscal year with a continuously improving trend and a return to growth in Ebitda (+3,1% to 2,015 billion). Revenues from services stabilized at 5.129 million euros (-0,8%) with a return to growth in the fourth quarter (+1,3%), thanks in particular to the performance in the segment of mobile services for consumer customers, explains a note. 4G customers more than doubled in the year to 6,5 million (+133% compared to 2,8 million the previous year) and have helped to support the continued growth in data usage (+59%). Fixed network revenues grew by 1,2% to 826 million euros with fixed broadband customers amounting to 2 million, up by 9,3%. Fiber customers are around 300.000, with an increase of 470% compared to the previous year. Furthermore, at the conclusion of the two-year Spring plan, with which Vodafone Italia doubled its investments in the development of mobile and fixed ultra-broadband, Vodafone's 4G network exceeded 95% of the population (over 6360 municipalities, of which 800 with 4G+ network 225Mbps).
Vodafone shares are up 2,64% in London to £229,55.
For the 2016-17 financial year, which will be the first accounted for in euros, the group expects organic growth in Ebitda between 3 and 6%, which at constant exchange rates translates into 15,7-16,2 billion euros (12,4-12,8. XNUMX billion pounds), and intends to increase dividends annually, "demonstrating confidence in future cash generation".
Vittorio Colao, CEO of the Vodafone group, underlined that the recently concluded financial year was characterized by the "return to organic growth both for revenues and for the ebitda for the first time since 2008", highlighted the completion of the investments of the Spring Plan with a technological improvement that will make it possible to "expand business services".
Bene the results in Italy, where the group ended the fiscal year with a continuously improving trend and a return to growth in Ebitda (+3,1% to 2,015 billion). Revenues from services stabilized at 5.129 million euros (-0,8%) with a return to growth in the fourth quarter (+1,3%), thanks in particular to the performance in the segment of mobile services for consumer customers, explains a note.
4G customers more than doubled in the year to 6,5 million (+133% compared to 2,8 million the previous year) and have contributed to sustaining the continued growth in data usage (+59%). Fixed network revenues grew by 1,2% to 826 million euros with fixed broadband customers amounting to 2 million, up by 9,3%. Fiber customers are around 300.000, with an increase of 470% compared to the previous year.
