Vodafone 1Q in Line; Backs Fiscal Year 2023 Guidance
July 25 2022 - 2:55AM
Dow Jones News
By Kyle Morris
Vodafone Group PLC said Monday that performance in its first
quarter of fiscal 2023 was in line with its expectations after
continued growth in Europe and Africa.
The U.K.-based telecommunications company said that revenue for
the first quarter ended June 30 was 11.28 billion euros ($11.52
billion) compared with EUR11.10 billion a year earlier.
The company said it is on track to deliver fiscal 2023 guidance,
with adjusted earnings before interest, taxes, depreciation and
amortization between EUR15.0 billion and EUR15.5 billion.
"We have executed in line with our expectations, delivered
another quarter of growth in both Europe and Africa, and seen an
acceleration in business growth. Whilst we are not immune to the
current macroeconomic challenges, we're on track to deliver
financial results for the year in line with our guidance," Chief
Executive Nick Read said.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
July 25, 2022 02:40 ET (06:40 GMT)
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