Vodafone Business ⫶ Sustained growth momentum Unique capabilities in digital Strong financial performance
Markets performance
Business organic service revenue growth (%)
Digital services 1 revenue growth (%)
Business organic service revenue growth, FY24 (%)
16.2%
7.9%
5.4%
13.4%
4.8% 4.6% 5.0%
10.5%
9.1% 7.4%
3.8%
3.2%
2.6%
0.0%
Q4 FY23
Q1 FY24
Q2 FY24
Q3 FY24
Q4 FY24
Q4 FY23
Q1 FY24
Q2 FY24
Q3 FY24
Q4 FY24
UK
DE
O EU
SA
• Vodafone Business +5.0% & growing across all markets in FY24 • Further acceleration in Q4 with all customer segments growing • Acceleration driven by digital services adoption, price actions & public sector share gains
• Represents 17% of Business service revenue • 21.6% Q4 growth in Cloud supported by strong demand for SaaS & ERF- funded public sector contract wins • Good momentum maintained in Security & SD-WAN • 187 million IoT connections 2
• UK strong performance in the public sector & IoT, support from price actions • Germany SD-WAN acceleration & SaaS trading offset by IoT phasing • Strong digital services demand & public sector contract wins in Other EU • 4.8 million Business customers
FY24 results ⫶ May 2024
10
1. Digital services include IoT, Cloud & Security services 2. Including Vodafone Italy, Vodafone Spain & Partner Markets
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