(RTTNews.com) – Vodafone Group Plc (VOD, VOD.L) reported organic EBITDA growth of 2.7 percent for the fiscal, whereas Group EBITDA declined 2.5 percent to 11.61 billion pounds. In the fourth quarter, it achieved the first quarter of positive revenue growth in Europe since December 2010.
Looking ahead to fiscal 2017, the company expects organic EBITDA growth of 3 percent to 6 percent, implying 15.7 billion to 16.2 billion euros, at guidance forex rates. As previously communicated, the Group will change its presentation currency from pounds sterling to euros from 1 April 2016.
Consequently, the board recommended a final dividend per share of 7.77 pence, up 2 percent year-on-year. The total dividend per share for the year would be 11.45 pence, up 2.0 percent year-on-year.makeAd(‘4′,’300×250′,’mktsnews’,’article’,”,”);
Adjusted profit before tax was 1.74 billion pounds, compared to 2.22 billion pounds last year. Adjusted basic earnings per share from continuing operations fell 9.2 percent to 5.04 pence from 5.55 pence in the prior year.
Loss attributable to owners of the parent for the financial year was 4.02 billion pounds, compared to profit of 5.76 billion pounds in the previous year. Loss per share was 15.08 pence, compared to profit of 21.75 pence last year.
Group total revenue for the year decreased 3 percent to 40.97 billion pounds from 42.23 billion pounds last year, primarily due to foreign exchange rate movements, with Group organic service revenue growth of 1.5 percent.
The company noted that organic service revenue trends in Europe recovered throughout the year, stabilizing at 0.5 percent in the fourth quarter, while growth in Africa, Middle East and Asia Pacific or AMAP accelerated to 8.1 percent.
Vittorio Colao, Group Chief Executive, said, “This has been a year of strong execution for the Group, returning to organic growth in both revenue and EBITDA for the first time since 2008. Looking forward, we will continue to invest in our customer excellence programmes in both mobile and converged services.”
VOD.L is trading at 229.5 pence, up 5.85 pence or 2.62 percent on a volume of 5.24 million shares.
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