Half-Yearly Financial Report for the Six Months Ended 30 September 2007

Half-Yearly Financial Report for the Six Months Ended 30 September 2007

Key highlights(1):

Group revenue of £17.0 billion, an increase of 9.0%, with organic growth of 4.4%
Europe: 2.0% revenue growth with outgoing usage up 24.0%, messaging revenue up 8.6% and data revenue up 40.8%, all on an organic basis
EMAPA: revenue growth of 39.9%, reflecting acquisitions in India and Turkey. Organic growth of 16.0%
Group data revenue up 48.8% to £1.0 billion, with organic growth of 45.1%
Group adjusted operating profit increased 1.6% to £5.2 billion, with organic growth of 6.1%
Free cash flow from continuing operations of £2.7 billion, reflecting 8.1% mobile capital intensity for Europe(2)
Adjusted basic earnings per share increased by 7.4% to 6.42 pence. Basic earnings per share of 6.22 pence
Proportionate mobile customer base of 241 million at 30 September
Results reflect rigorous execution against the Group’s five strategic objectives
Increasing returns to shareholders:

Interim dividend per share increased by 6.0% to 2.49 pence, giving a payout of over £1.3 billion
Improved outlook:

Increased outlook for revenue, adjusted operating profit and free cash flow for the 2008 financial year
(1) See page 4 for Group financial and operational highlights, page 35 for definition of terms and page 37 for use of non-GAAP financial information.See page 5 for the Outlook for the 2008 financial year

(2) Includes common functions

Arun Sarin, Chief Executive, commented:

“These results reflect our continuing focus on the execution of our strategy. In Europe, we have performed well in competitive markets by driving strong growth in voice usage and data revenue, whilst improving cost efficiency. In EMAPA, we are capturing the revenue growth opportunities within emerging markets and benefiting from continuing momentum at Verizon Wireless. The increased interim dividend reflects the Board’s confidence in how the business is progressing.”

Download the full announcement (PDF 766kb)

View the webcast

For further information:

Vodafone Group Plc

Investor Relations
Telephone: +44 (0)1635 664447
Facsimile: +44 (0)1635 682890

Media Relations
Telephone: +44 (0) 1635 664444
Facsimile: +44 (0) 1635 686007


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