Vodafone 2024 Annual Report

238 Vodafone Group Plc Annual Report 2024 238 Vodafone Group Plc Annual Report 2024

Strategic report

Governance

Financials

Other information

Non-GAAP measures (continued) Unaudited information

Re-presented 1

Reported growth

M&A and Other

Foreign exchange

Organic growth*

FY24 €m

FY23 €m

pps

Year ended 31 March 2024 Adjusted EBITDAaL Germany

5,017 1,408 1,516 510 2,539

5,323 1,350 1,632 424 2,880 795

(5.8) 4.3 (7.1) 20.3 (11.8)

–

(5.8) 4.0 1.5 99.9 6.4

(0.3) (0.8) 76.6 18.2

Other Europe 2

9.4 3.0

Turkey 3 Africa 4

Vantage Towers Common Functions Eliminations

– – 29

–

Group

11,019

12,424

(11.3)

8.6

4.9

2.2

Percentage point change in Adjusted EBITDAaL margin Germany

38.7% 20.6% 27.5% 21.6% 34.2% 30.0%

40.6% 19.8% 28.4% 20.5% 35.7% 33.0%

(1.9) 0.8 (0.9) 1.1 (1.5) (3.0)

–

(1.9) 0.8 (1.4) 1.0 (1.1) (1.1)

- -

Other Europe 2

(0.5) (0.2)

Turkey 3 Africa 4 Group

0.1 0.4

2.0

(0.1)

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.