Earnings Call Summary | Vodafone(VOD.US) Q4 2024 Earnings Conference
Earnings Call Summary | Vodafone(VOD.US) Q4 2024 Earnings Conference
The following is a summary of the Vodafone Group Public Limited Company (VOD) Q4 2024 Earnings Call Transcript:
以下是沃达丰集团公共有限公司（VOD）2024年第四季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Vodafone experienced 2% EBITDA growth and acceleration in service revenue growth despite significant challenges, including inflation and customer experience reinvestments.
The company slightly surpassed its annual guidance, indicating a strong financial position for predictable growth.
Due to the German Market Dependent Unit (MDU) transition, a €400 million drag in terms of revenue and EBITDA is anticipated only for FY '25 with growth expected to return in FY '26.
Service revenue growth in the business segment has accelerated to 5% this year.
FY '25 guidance for free cash flow is at least €2.4 billion, compared to the reported €2.6 billion in FY '24.
A sustainable level of 1.5% organic service revenue growth was reported in Q4.
尽管面临重大挑战，包括通货膨胀和客户体验再投资，沃达丰仍实现了2％的息税折旧摊销前利润增长和服务收入的加速增长。
该公司略高于其年度预期，这表明其财务状况良好，可预测增长。
由于德国市场依赖单位（MDU）的过渡，预计仅25财年的收入和息税折旧摊销前利润将拖累4亿欧元，预计将在26财年恢复增长。
今年，该业务领域的服务收入增长已加速至5％。
25财年的自由现金流预期至少为24亿欧元，而24财年报告的自由现金流为26亿欧元。
第四季度有机服务收入实现了1.5％的可持续增长。
Business Progress:
业务进展：
Vodafone has undergone significant structural changes by reshaping its European footprint, focusing on strong positions and local scales.
The company reported improved results from efforts to eliminate customer pain points with leading or co-leading NPS positions in five out of nine European markets.
Plans to increase investments in the customer experience in Germany are set for FY '25.
Vodafone plans to transition 1&1 customers to its network beginning in Fall, which will slightly impact the national roaming agreement in FY '25.
The company has established a new division called 'Vodafone Investment' to manage its non-controlled assets and is expecting to launch a share buyback program shortly after approval.
For FY '25, Vodafone expects a 'U' shaped performance with headwinds hitting mostly in the first half of the year, but anticipates growth opportunities in the second half.
The company is aiming for an accelerated market share, focusing on German markets to drive higher underlying service revenue growth in FY '26.
沃达丰通过重塑其欧洲足迹，专注于强势地位和本地规模，经历了重大的结构性变革。
该公司报告称，在九个欧洲市场中有五个市场处于领先或共同领先的NPS地位，努力消除客户痛点，业绩有所改善。
计划在25财年增加对德国客户体验的投资。
沃达丰计划从秋季开始将1＆1客户转移到其网络，这将对25财年的全国漫游协议产生轻微影响。
该公司已经成立了一个名为 “沃达丰投资” 的新部门来管理其非控制资产，并预计将在批准后不久启动股票回购计划。
沃达丰预计25财年的业绩将呈现 “U” 型，不利因素主要出现在上半年，但预计下半年将出现增长机会。
该公司的目标是加快市场份额，重点关注德国市场，以推动26财年基础服务收入的更高增长。
More details: Vodafone IR
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Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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译文内容由第三方软件翻译。