Europe & Türkiye ⫶ Good overall growth
+3.3% Service revenue growth
+2.6% Service revenue growth
+83.4% Service revenue growth
UK 19% of Group service revenue 1
Other Europe 15% of Group service revenue 1
Türkiye 10% of Group service revenue 1
• Strong growth in Consumer; project phasing in Business • Brand NPS leader in the market & lowest ever level of detractors • Record broadband net adds (Q3: +72k), first full quarter of One Touch Switching • Merger with 3UK due to complete in the next few months
• Maintained good momentum, +153k mobile contract net adds • Strong Business growth (Q3: +5.8%), with strong demand for ICT & public sector work • Portugal: new second brand launched (Amigo)
• Strong growth across all segments & in euro-terms (+53%) 2 • Driven by ongoing repricing actions & effective customer base management • On-track to deliver >€2 billion service revenue in FY25 (well above pre- devaluation levels)
Service revenue growth (%)
Service revenue growth (%)
Service revenue growth (%) Reported growth in Euros 2
5.5%
53.1%
49.5%
5.2%
3.6%
3.6%
3.3%
25.2%
24.0%
2.6%
2.6%
17.7%
2.3%
1.2%
0.0% Q1 FY25
Q3 FY24
Q4 FY24
Q1 FY25
Q2 FY25
Q3 FY25
Q3 FY24
Q4 FY24
Q1 FY25
Q2 FY25
Q3 FY25
Q3 FY24
Q4 FY24
Q2 FY25
Q3 FY25
Q3 FY25 Trading Update ⫶ February 2025
1. Based on Q3 FY25 service revenue contribution. 2. Growth in euro terms excluding the impact of hyperinflationary adjustments.
5
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