Q3 performance ⫶ Maintained good growth in service revenue
Europe & Africa service revenue growth (%)
Group service revenue growth (%)
Africa 1
Group
Group excl. Turkey
Europe
4.7%
4.7%
9.0% 9.0%
8.8%
8.0%
7.0%
3.7%
2.8%
2.5%
1.9%
1.8%
1.5% 1.3%
1.8%
0.4%
0.5%
0.5%
(0.8%)
(1.1%)
Q3 FY23
Q4 FY23
Q1 FY24
Q2 FY24
Q3 FY24
Q3 FY23
Q4 FY23
Q1 FY24
Q2 FY24
Q3 FY24
Q3 FY23
Q4 FY23
Q1 FY24
Q2 FY24
Q3 FY24
• Continued growth in Europe, supported by price actions • Continued good growth in Africa supported by reacceleration in Vodacom Internationals • Turkey growing ahead of inflation
• Good Group growth maintained at +4.7% (Q2: 4.7%) • Vodafone Business +5.0% (Q2: 4.3%), supported by IoT growth acceleration
Q3 FY24 Trading Update ⫶ February 2024
2
1 Vodacom Group service revenue growth, including Egypt
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