FY27 guidance
Adjusted EBITDAaL 11.3 – 11.6
Adjusted free cash flow
(€billion)
FY26 guidance
2.4 – 2.6
Europe FY27 expectations • €7.6 – 7.9 billion Adj. EBITDAaL
FY26 outcome – guidance basis 1,2
11.6 (0.1) (0.1) 11.4 (0.1)
2.6
Impact of exchange rates
– –
Impact of Türkiye hyperinflation accounting
Restructuring & integration costs • FY27 to peak at c.€0.7bn, incl. c.€0.4bn related to the UK integration
FY26 actual – reported basis Impact of exchange rates
2.6
(0.1)
Remove impact of Türkiye hyperinflation accounting
0.1
–
–
(0.1)
Impact of M&A transactions 3
FY26 rebased 2,4
11.4
2.4
Growth
0.5 – 0.8
0.2 – 0.5 2.6 – 2.9
11.9 – 12.2
FY27 guidance 2,5
Safaricom consolidation impact – proforma 12 months FY27
1.5
–
Vodafone Group Plc FY26 Results ⫶ May 2026
1. The FY26 outcome on guidance basis is derived by applying FY26 guidance foreign exchange rates. The FY26 guidance foreign exchange rates were €1: GBP 0.85; €1: ZAR 20.59; €1: TRY 43.42; €1: EGP 56.74. 2. Excluding the impact of hyperinflation accounting in Türkiye. 3. M&A transactions include the impact of the disposal of VodafoneZiggo.
4. The FY26 rebased outcome is derived by applying FY27 guidance foreign exchange rates. 5. The FY27 guidance reflect the following foreign exchange rates: €1: GBP 0.87; €1: ZAR 19.60; €1: TRY 53.07; €1: EGP 62.53. The guidance assumes no material change to the structure of the Group.
Page 16
Powered by FlippingBook