237 Vodafone Group Plc Annual Report 2024 237 Vodafone Group Plc Annual Report 2024
Strategic report
Governance
Financials
Other information
Re-presented 1
Reported growth
M&A and Other
Foreign exchange
Organic growth*
FY24 €m
FY23 €m
%
pps
pps
%
Year ended 31 March 2024 Service revenue Germany Mobile service revenue Fixed service revenue
11,453 5,059 6,394 5,631 4,142 1,489 4,722 1,746 5,951 559 29,912 6,805 36,717 28,197 10,509 1,746 510 7,735 2,422 2,144 1,502
11,433 5,060 6,373 5,358 3,928 1,430 5,005 1,593 6,556 530 30,318 7,354 37,672 28,912 12,023 1,440 401 7,757 2,421 2,075 1,496
0.2 0.3 5.1 -
– – – – – –
– – –
0.2 0.3 5.0 - 5.4 3.9 4.2
UK
(0.1) (0.2) (0.7) - 68.2 18.4
Mobile service revenue Fixed service revenue
5.4 4.1 (5.7) 9.6 (9.2) (1.3) (2.5)
Other Europe 2
10.6
Turkey 3 Africa 4
10.7
88.5 9.2
–
Common Functions Eliminations Total service revenue Other revenue
(150)
(157)
1.9 2.8
5.7 5.6
6.3 5.9
Revenue
Other growth metrics Group service revenue excluding Turkey Group Adjusted EBITDAaL excluding Turkey Turkey - Service revenue Turkey - Adjusted EBITDAaL Vodafone Business - Service revenue Germany - Vodafone Business service revenue UK - Vodafone Business service revenue Other Europe - Vodafone Business service revenue Turkey - Vodafone Business service revenue South Africa - Financial services revenue
(2.5) (12.6) 21.3 27.2 (0.3)
2.4 8.3
3.8 3.7 81.9 85.5 3.5
3.7 (0.6)
(14.7) (12.8)
88.5 99.9 5.0 3.2 7.9 87.4 7.9 – 13.4
1.8
–
– –
–
3.3 0.4 20.1
(0.1) (0.6)
8.1
233 157 389
194 167 367
(14.4)
81.7 13.9 7.4
(6.0) 6.0
– –
M-Pesa revenue
Notes: 1 The results for the year ended 31 March 2023 have been re-presented to reflect that the results of Vodafone Spain and Vodafone Italy are now reported as discontinued operations. See note 7 ‘Discontinued operations and assets held for sale’ in the consolidated financial statements for more information. 2 The comparative period includes the results of Vodafone Hungary which, as previously reported, was sold in January 2023. 3 The comparative period includes the results of Vodafone Ghana which, as previously reported, was sold in February 2023. 4 From 1 April 2023, the Group revised its segmental reporting by moving Vodafone Egypt to the Africa segment. The comparatives have been re-presented on the new basis of segmental reporting. There is no impact on previously reported Group metrics.
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