Vodafone revenue for the fiscal year 2019-2020 grew by 3.0% to €45.0 billion, supported by improving commercial momentum in Europe.
The group’s revenues increased by 3% to 45 billion and the adjusted EBITDA increased by 2.6% to 14.9 billion.
Net cash flow was 4.9 billion, thus allowing the company to confirm the dividend per share of 9 eurocents and leading the stock to jump 8% in London. Net losses reduced to 455 million (7.6 billion the previous year).
During the year, 5G services were launched by Vodafone in 97 cities across eight European countries while four million customers signed up to its unlimited mobile data plans after launching speed-tiered unlimited plans in six of its markets.
Vodafone forecasts for the next financial year 2020-2021 an adjusted EBITDA “from flat to slightly decreasing, compared to a revised FY20 reference base of 14.5 billion”.