Interim report
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O Vodafone Group Plc : Q1 FY22 trading update 23 July 2021 Growth in Europe and Africa • Group service revenue growth of 3.3 % * ( Q4 : 0.8 % * ) , with growth across both Consumer and Business segments Strong service revenue trend , including one - off growth of around 1.0 percentage point following COVID - 19 disruption last year Good service revenue growth in Germany of 1.4 % * ( Q4 : 1.2 % * ) Q1 performance summary¹ Service revenue - of which Germany Other revenue Total revenue ● Q1 FY22 € m 9,390 2,872 1,711 11,101 Q1 FY21 € m 9,110 2,840 1,396 10,506 For more information , please contact : Investor Relations Investors.vodafone.com ir@vodafone.co.uk Reported growth 1. Our segmental reporting has been updated to include Vantage Towers A.G. as a separate reporting segment for the year ending 31 March 2022. See page 4 . 2. Organic growth is a Non - GAAP measure . All amounts marked with an " * " in the commentary represent organic growth . See page 8 . 3.1 % 1.1 % 22.6 % 5.7 % Europe mobile contract churn 1.6 percentage points lower than Q1 FY20 ( pre - pandemic ) , but commercial activity yet to return to normal conditions • Roaming and visitor revenue grew 56 % year - on - year , but still 54 % lower than Q1 FY20 ( pre - pandemic ) Vodafone Business service revenue growth of 2.7 % * , driven by strong growth in loT and digital services Strong growth in Africa , with M - Pesa transaction volumes increasing 45 % year - on - year On track to deliver FY22 guidance with Adjusted EBITDAAL expected to be between € 15.0 – € 15.4 billion and Adjusted FCF of at least € 5.2 billion Organic growth Nick Read , Group Chief Executive , commented : " I am pleased to report that we are back to service revenue growth in Europe , as well as Africa . This growth was broad based within both Consumer and Business segments , with the vast majority of our markets contributing . This is a result of our commercial and operating momentum built over the past 3 years as part of our strategic transformation . 3.3 % 1.4 % 20.2 % 5.6 % In Europe , the operating and retail environment has not yet returned to normal conditions , but we are delivering a good service revenue performance . In our Business segment , we are seeing stronger growth with our public sector and corporate customers , whilst further building a pipeline of demand for our digital services , such as loT , security and cloud . Media Relations Vodafone.com/media/contact GroupMedia@vodafone.com In May we announced , for the first time , our medium - term growth ambition . We have entered the year in line with this ambition , on track to deliver our guidance for the year , and with a continued focus to optimise our portfolio , to accelerate the delivery of shareholder value . ” Registered Office : Vodafone House , The Connection , Newbury , Berkshire RG14 2FN , England . Registered in England No. 1833679 A webcast Q & A session will be held at 10:00 on 23 July 2021. The webcast and supporting information can be accessed at investors.vodafone.com