Vodafone reported 5.4% organic service revenue growth in Q1 FY25, with strong performance in Africa and Turkey offsetting an expected decline in Germany. Group revenue increased 2.8% to €9.0 billion, while Adjusted EBITDAaL rose 5.1% to €2.68 billion.Regional performance varied, with Germany seeing a 1.5% service revenue decline due to TV law changes, while Africa and Turkey posted robust growth of 10.0% and 91.9% respectively. The UK market slowed to flat organic growth amid lower inflation-linked price rises. Vodafone Business service revenue grew 2.6% organically.The company reaffirmed its FY25 guidance of c.€11 billion Adjusted EBITDAaL and at least €2.4 billion Adjusted free cash flow. Vodafone also announced progress on strategic initiatives, including reducing its Vantage Towers stake to 50% for €1.3 billion and commencing a €2 billion share buyback program following the sale of its Spanish operations.

Vodafone reported 5.4% organic service revenue growth in Q1 FY25, with strong performance in Africa and Turkey offsetting an expected decline in Germany. Group revenue increased 2.8% to €9.0 billion, while Adjusted EBITDAaL rose 5.1% to €2.68 billion.Regional performance varied, with Germany seeing a 1.5% service revenue decline due to TV law changes, while Africa and Turkey posted robust growth of 10.0% and 91.9% respectively. The UK market slowed to flat organic growth amid lower inflation-linked price rises. Vodafone Business service revenue grew 2.6% organically.The company reaffirmed its FY25 guidance of c.€11 billion Adjusted EBITDAaL and at least €2.4 billion Adjusted free cash flow. Vodafone also announced progress on strategic initiatives, including reducing its Vantage Towers stake to 50% for €1.3 billion and commencing a €2 billion share buyback program following the sale of its Spanish operations.