Interim Management Statement for the First Quarter
July 19 -- Vodafone Group Plc today announces its interim management statement for the quarter ended 30 June 2007.
The key highlights of the quarter are:
* Group revenue of £8.3 billion, representing 7.5% growth on last year, with organic growth of 4.0%
* Group service revenue growth of 8.0% with growth of 4.2% on an organic basis. Organic service revenue growth of 1.4% for Europe and 18.2% for EMAPA
* 9.1 million proportionate organic net mobile additions for the quarter compared with 4.8 million for the same quarter last year. Total proportionate mobile customer base at 30 June 2007 of 232.0 million
* Group mobile customer base for subsidiaries and joint ventures of 200.4 million at 30 June 2007, including 30.8 million in Vodafone Essar in India. Organic net mobile additions of 9.3 million in the quarter
* Further strong growth in retail net customer additions of 1.6 million at Verizon Wireless
* 2.6 million 3G devices added in the quarter, bringing the total 3G device base to 18.5 million. Organic growth in non-messaging data revenue of 32.2%
* Vodafone At Home now available in 11 markets and Vodafone Office in 12 markets
* Vodafone reiterates its current year outlook with the financial performance for the quarter in line with expectations
Arun Sarin, Chief Executive, commented:
"We have made a good start to the financial year, with a strong performance from the EMAPA region offsetting continued challenging markets in Europe. We continue to make progress in the execution of our strategic objectives. Our new Indian business has delivered strong growth in the quarter, with its integration into the Group progressing well. We are reiterating our guidance for the current financial year."
For further information:
Vodafone Group
Investor Relations
Tel: +44 (0) 1635 664447
Media Relations
Tel: +44 (0) 1635 664444