Summary by Futu AI
Vodafone Group reported solid H1 FY25 results, with organic service revenue growth of 4.8% and Adjusted EBITDAaL up 3.8% year-over-year. Total revenue increased 1.6% to €18.3 billion, driven by growth in Other Europe, Africa & Turkey, offsetting an anticipated slowdown in Germany.Germany saw a 3.9% decline in service revenue, impacted by the MDU TV law change. The UK delivered 0.6% organic service revenue growth, while Africa grew 9.9%. Vodafone Business accelerated to 4.0% growth in Q2. Adjusted EBITDAaL reached €5.4 billion, supported by revenue growth and lower energy costs in Europe.The company reiterated its FY25 guidance for Adjusted EBITDAaL of c.€11 billion and Adjusted free cash flow of at least €2.4 billion. Vodafone continues to execute its strategic priorities, including investing in Germany's turnaround, expanding B2B capabilities, and simplifying operations. The interim dividend was set at 2.25 eurocents per share.