13 November 2012
|Six months ended 30 September 2012||Reported||Organic|
Group service revenue
Northern and Central Europe ('N. Europe')
Southern Europe ('S. Europe')
Africa, Middle East and Asia Pacific ('AMAP')
|Loss for the financial period||(1,886)|
Adjusted operating profit
|Free cash flow||2,178||(16.7)|
|Loss per share||(4.01p)|
Adjusted earnings per share
"We have continued to make progress on our strategic priorities over the last six months, with good growth in data and emerging markets in particular. In the short-term, however, our results reflect tougher market conditions, mainly in Southern Europe.
"We remain very positive about the longer-term opportunities, and our Vodafone 2015 strategy reflects our confidence in the future. This is based on a new strategic approach to our consumer offer and pricing in Europe now being rolled out, an increasing focus on unified communications in enterprise, and an attractive and growing exposure to emerging markets. Fundamental to the success of this strategy will bean ongoing enhancement of the consumer and enterprise customer experience through continuous investment in high speed data networks, and an increased drive towards standardisation and simplification across the Group to maximise cost efficiency and accelerate execution."
For further information:
Investor Relations, Telephone: +44 7919 990230
Media Relations, Telephone: +44 1635 664444
* All amounts in this document marked with an “*” represent organic growth which presents performance on a comparable basis, both in terms of merger and acquisition activity and movements in foreign exchange rates. From 1 October 2011 the Group revised its intra-group roaming charges. Whilst neutral to Group revenue and profitability, these changes have had an impact on reported service revenue by country and regionally since 1 October 2011. Whilst prior period reported revenue has not been restated, to ensure comparability in organic growth rates, country and regional revenue in the prior financial period have been recalculated based on the new pricing structure to form the basis for our organic calculations.
1 More information on non-GAAP measures can be found on page 41.
2 Emerging markets comprise India, Vodacom, Egypt, Turkey, Ghana, Qatar and Fiji.