Financial Update Pilar López
Thank you, Margherita, and hello everyone.
Vodafone Group, CFO
As you've just heard, our progress is clear in our results.
Our performance in the first half demonstrates the benefits of our diversified portfolio and growth opportunities.
Group service revenue growth accelerated to 6.4% in Q2, one of our highest ever growth rates, and together with our continued focus on productivity improvement, supported Adjusted EBITDAaL growth of 6.4% in H1.
What I find particularly encouraging is that we’re seeing contributions from across the business with service revenue growth across every segment in the first half.
Europe continues to grow, although Germany remains a key focus. Africa maintained its strong momentum with continued double-digit growth. And Vodafone Business delivered its highest-ever service revenue growth of 6.6% in Q2, as our digital services portfolio is now growing more than 20% year on year.
As a result, we are upgrading our guidance today for both Group Adjusted EBITDAaL and Adjusted Free Cash Flow, reflecting the strong start we have made and the momentum we are seeing across the Group.
With that, I’ll hand back to Margherita to call out the key actions supporting our performance.
Customers
Margherita Della Valle
Thank you, Pilar.
Vodafone Group, CEO
Let’s start with our number one priority, our customers.
We’re building stronger networks, creating better experiences and developing propositions that give customers more reasons to choose and stay with Vodafone.
And we’re seeing the impact.
Customer satisfaction continues to improve across our markets, and Vodafone now holds leading positions in customer satisfaction in 12 markets.
A big part of our success is making Vodafone simpler to deal with.
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