Vodafone comes in handy in first semester (April-September) of the 2020/2021 fiscal year, closed with pre-tax profits of 2,05 billion euros (against the loss of 511 million recorded in the same period last year) and a net profit of 1,555 billion (from -1,89 billion). Revenues, on the other hand, fell to 21,42 billion (-2,3%). The Board has resolved an interim dividend of 4,50 cents euros per share, in line with the previous year. As for profitability, according to Vodafone the adjusted EBITDA for the full year should be between 14,4 billion and 14,6 billion euros.
“Today's results show greater confidence in our forecasts for the full year – comments the CEO Nick Read – We are posting a good performance in the first half and continue to see good business momentum across the group. The results demonstrate the success of our strategic priorities to date: namely increase customer loyalty, grow our fixed broadband base, drive digitization to simplify the business and achieve significant cost savings and deliver 5G in efficiently through network sharing”.
VODAFONE ITALY
As for only Vodafone Italy, the semester ends with revenues from services to €2,249 billion, down 7,2% year-on-year. The result, explains the company, is influenced above all by the reduction in roaming traffic caused by the impact of the pandemic on the flows of foreign visitors entering and leaving Italy and by the ongoing competitive intensity in the mobile segment.
I revenues from fixed network services instead they increased by 4,4%, to 611 million, while broadband customers they reached 3 million, an increase of 4,2% over the year (+118.000). L'Ebitda dropped to 800 million euros (-11,1%) in organic terms.
During the half year, Vodafone launched a plan to offer voice and data connectivity even in areas where there is no ultra-broadband and has already reached around three thousand municipalities in all Italian regions.
