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Vodafone Group(VOD) - 2025 Q2 - Earnings Call Transcript
2024-11-12 13:49
Financial Data and Key Metrics Changes - Group EBITDA grew by 3.8% in the first half, supported by strong growth in the U.K. (over 8%), other Europe (over 3%), and Turkiye (circa 50% in euro terms) [3][4] - Service revenue trends slowed in Q2 due to the peak impact from the MDU transition in Germany [3] Business Line Data and Key Metrics Changes - Digital services in the business segment grew by 18%, indicating a strong reacceleration in trends [7] - The company has completed over 80% of its role reduction program and has commercialized shared operations with Accenture [7] Market Data and Key Metrics Changes - The U.K. service revenue improved from flat to plus 1.2% in Q2, with expectations for continued improvement in the second half [28] - Turkiye has shown tremendous performance, gaining market share and achieving the highest-ever market share for Vodafone in the region [30][31] Company Strategy and Development Direction - The main operational focus is on Germany, with a new management team in place to drive customer-centric strategies [4][5] - The company aims to deliver gigabit-capable broadband to 75% of German households, enhancing its market growth potential [6] - The overarching objective is to achieve long-term growth that drives returns, focusing on customer satisfaction and operational simplicity [35][38] Management's Comments on Operating Environment and Future Outlook - Management expects a broadly similar performance in Germany for Q3, with improvements anticipated in Q4 as the MDU impact fades [19][20] - The company is optimistic about returning to positive growth in Germany by FY '26, supported by improved commercial trends and cost management initiatives [24][36] Other Important Information - The company has sold a further stake in Vantage Towers for €1.3 billion to establish a co-control structure [8] - The company is in the final stages of reorganizing its Group structure, with approvals expected in Italy and the U.K. soon [8] Q&A Session Summary Question: Impact of MDU transition on Germany's performance - Management noted an improvement in net adds performance in fixed services, with expectations for continued improvement through the year [11][15] Question: Service revenue trajectory for the remainder of the year - Management expects a slight improvement in Group service revenue growth in the second half, with positive contributions from the U.K. and Africa [28][30] Question: Competitive environment in the German mobile market - Management acknowledged increased competitive intensity but emphasized a disciplined approach to pricing [64][66] Question: Regulatory outlook in Europe - Management is actively engaging with European regulators to promote investment in the telecom sector, highlighting the importance of competition [81][82] Question: Future of joint ventures and tower monetization - Management expressed satisfaction with the current 50/50 structure in towers and indicated no immediate plans for further sell-downs [55][58]
Vodafone Group(VOD) - 2025 Q2 - Quarterly Report
2024-11-12 13:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULES 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 Dated November 12, 2024 Commission File Number: 001-10086 VODAFONE GROUP PUBLIC LIMITED COMPANY (Translation of registrant's name into English) VODAFONE HOUSE, THE CONNECTION, NEWBURY, BERKSHIRE, RG14 2FN, ENGLAND (Address of principal executive offices) Indicate by check mark whether the registrant files or will file a ...
Vodafone UK Launches Cyber Protection Services for Fixed Broadband Subscribers Powered by Allot Secure
GlobeNewswire News Room· 2024-11-12 10:07
Hod Hasharon, Israel, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Allot Ltd. (NASDAQ: ALLT) (TASE: ALLT), a leading global provider of innovative network intelligence and converged network-native security solutions for communication service providers and enterprises, has today announced that Vodafone UK has recently launched Secure Net Home, extending network-native, next generation threat protection and content control services to their fixed broadband customers using Allot’s award winning HomeSecure solution. Eyal ...
Can Google's Partnership With Vodafone Push the GOOGL Stock Higher?
ZACKS· 2024-10-09 16:41
Alphabet's (GOOGL) Google and Vodafone announced a 10-year expanded partnership on Monday that encompasses cloud, cybersecurity, and devices across Europe and Africa. The deal will see Vodafone's increased access to Google's AI-powered Pixel devices that leverage its 5G network in Europe. Vodafone will incorporate Google Cloud's generative AI (Gen AI) into its set-top boxes, increasing user experience through improved content search and recommendations. This will also help Vodafone to roll out advertising u ...
Vodafone Expands Partnership with Google to Enhance Cloud and AI Services
GuruFocus· 2024-10-08 07:50
British telecom giant Vodafone has announced an expanded partnership with Google, aiming to offer enhanced cloud services, generative AI tools, and cybersecurity solutions to its customers across Europe and Africa. This collaboration extends the existing partnership between the two companies for another ten years. Vodafone will promote Google's cloud storage subscription services, including Google One AI Premium, which provides access to Google's Gemini chatbot. Additionally, Vodafone plans to demonstrate t ...
Vodafone: An Undervalued Income Play
Seeking Alpha· 2024-09-17 07:32
VV Shots Vodafone (NASDAQ:VOD) has reported a positive operating performance in the first quarter of FY 2025 and has now a stronger business profile following the disposal of Italy and Spain, making it an undervalued income play for long-term investors. As I've covered in previous articles, I see Vodafone as an interesting income pick in the European telecoms industry, given that its dividend is sustainable, and the company has made in the recent past important efforts to improve its fundamentals. While Vod ...
Vodafone: Potentially Undervalued, But Uncertainties Prevail Following Latest Updates
Seeking Alpha· 2024-07-29 22:12
57 Vodafone Group Plc (NASDAQ:VOD) is a leading British multinational telecommunications company headquartered in Newbury, Berkshire. Established in 1991, Vodafone operates in over 20 countries and partners with networks in over 50 more, providing a wide range of services including mobile and fixed-line telephony, broadband, and digital TV. With a significant presence in Europe and Africa, Vodafone serves over 300 million customers. e voo In this article, after summarizing the strategic goals and progress m ...
Vodafone Group(VOD) - 2025 Q1 - Earnings Call Presentation
2024-07-25 16:33
| --- | --- | --- | --- | |-------|-------------------------------------------|----------------------------------------|-----------------| | | | | | | | | | | | | Lower inflation slows revenue growth & | Group Q1 service revenue | +5.4% | | | improves Adj. EBITDAaL | Europe (excl. MDU) Q1 service revenue | +0.4% | | | | Group Q1 Adj. EBITDAaL | +5.1% | | | | | | | | | Germany Q1 service revenue | -1.5% | | | Germany growth impacted by TV law change, | Germany (excl. MDU) Q1 service revenue | -0.3% | | | B2B ...
Vodafone (VOD), Meta Team Up to Enhance Network Efficiency
ZACKS· 2024-07-10 18:00
Group 1: Partnership and Network Optimization - Vodafone has partnered with Meta to enhance the delivery of short-form videos and optimize the use of existing network infrastructure [1][2] - The collaboration aims to address the rapid increase in video consumption on platforms like Instagram, TikTok, and YouTube, which has led to a 25% rise in global data traffic over the past year, with video accounting for 73% of mobile traffic by the end of 2023 [1][6] Group 2: Network Capacity and Efficiency - Vodafone has successfully increased network capacity at key 4G and 5G sites in high-traffic areas, improving network efficiency in Europe without compromising user experience [2][7] - The growth of 5G subscriptions, currently at 15% and projected to reach 53% by 2028, presents both opportunities and challenges for telecom operators [7] Group 3: Industry Context and Financial Performance - The telecom industry faces significant costs to upgrade networks due to increasing data usage, with calls for major tech companies to contribute to 5G rollout expenses [6] - Vodafone's stock has decreased by 0.3% over the past year, contrasting with a 9.9% decline in the industry [3]
Vodafone shares price could explode higher: July 25 will be key
Invezz· 2024-07-10 02:02
Substantial challenges remain Vodafone, a leading telecom company, is going through a turnaround as the management seeks to reboot its performance. Earlier this year, its stock plunged to a low of 59.75p, its lowest level since November 2010. At that point, it was down by more almost 60% from its all-time high of 149.8p. Vodafone's performance is not unique as most telecom companies have come under pressure in the past few years. In the UK, BT Group's stock has plunged by 60% from its highest level in 2016 ...