By Kyle Morris

Vodafone Group PLC said Wednesday that third-quarter total revenue fell slightly on year and that it is on track to meet its updated fiscal 2023 guidance.

The U.K.-based telecommunications company said group service revenue growth for the period ended Dec. 31 was 1.8% on an organic basis compared with 2.7% a year earlier.

Germany organic service revenue declined by 1.8%, it said.

Total revenue for the quarter was 11.64 billion euros ($12.65 billion) compared with EUR11.68 billion a year prior.

The company reaffirmed fiscal 2023 guidance, with adjusted earnings before interest, taxes, depreciation and amortization after leases--which strips out exceptional and other one-off items--expected between EUR15.0 billion and EUR15.2 billion. Adjusted free cash flow is seen at around EUR5.1 billion.

"There is more to do and our focus is to provide a better service to our customers, become a simpler business and deliver growth," Group Chief Executive Margherita Della Valle said.

Write to Kyle Morris at kyle.morris@dowjones.com

(END) Dow Jones Newswires

February 01, 2023 02:36 ET (07:36 GMT)

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