A clear strategy ⫶ A more productive Vodafone EU opex savings supporting reinvestments 1
Strong employee engagement
Cumulative opex savings
Cumulative reinvestments
81%
Cumulative target €0.7bn (FY23-FY26)
€0.3bn
€0.2bn
vs. 79% global benchmark (top quartile)
76%
€0.4bn €0.1bn
75%
75%
€0.4bn
€0.4bn
€0.3bn
May-23
May-24
May-25
May-26
FY23
FY24
FY25
FY26
Driving productivity enhancements 2
High satisfaction with our Shared Ops 3
EU Markets Shared Operations
11.0
Cumulative target 10,000 role reductions (FY24-FY26)
85.0%
83.0%
7.7
81.0%
5.0
May-24
May-25
May-26
FY24
FY25
FY26
Vodafone Group Plc FY26 Results ⫶ May 2026
1. Includes Europe and Common Functions operating expenditure. 2. Cumulative role reductions in Europe markets and shared operations between FY24 and FY26. 3. Based on shared operations net promoter scores.
4. Definitions for key performance indicators are available in Appendix V.
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