By Adria Calatayud 

Vodafone Group PLC said Friday that first-quarter revenue rose as growth in its closely-watched organic revenue accelerated, and that it is on track to meet its guidance for fiscal 2022.

The U.K.-based telecommunications group said revenue for the three months ended June 30 was 11.10 billion euros ($13.07 billion) compared with EUR10.51 billion for the same period last year. On an organic basis, Vodafone's first-quarter revenue grew 5.6% on year.

Vodafone's organic service revenue--a key metric in the telecom sector--grew 3.3% in the quarter, accelerating from a 0.8% increase in the previous quarter. In Germany, Vodafone's largest market, service revenue was up 1.4%.

The company said roaming and visitor revenue grew 56% on year, but is still sharply below pre-pandemic levels.

Vodafone said it is on track to deliver its guidance for adjusted earnings before interest, taxes, depreciation and amortization--the company's preferred profit metric, which strips out exceptional and other one-off items--for fiscal 2022 of between EUR15.0 billion and EUR15.4 billion, with an adjusted free cash flow of at least EUR5.2 billion.


Write to Adria Calatayud at


(END) Dow Jones Newswires

July 23, 2021 02:28 ET (06:28 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
Vodafone (NASDAQ:VOD)
Historical Stock Chart
Von Mai 2022 bis Jun 2022 Click Here for more Vodafone Charts.
Vodafone (NASDAQ:VOD)
Historical Stock Chart
Von Jun 2021 bis Jun 2022 Click Here for more Vodafone Charts.