Vodafone Q1 Organic Revenue Grew 3.7% YoY To €10.74B; FY24 Guidance Reaffirmed, Sees Adjusted EBITDA €13.3B And Adjusted Free Cash Flow Of €3.3B
Portfolio Pulse from Benzinga Newsdesk
Vodafone's Q1 organic revenue grew by 3.7% YoY to €10.74B. The company has reaffirmed its FY24 guidance, expecting an adjusted EBITDA of €13.3B and an adjusted free cash flow of €3.3B. The growth was driven by service revenue improvement across almost all European markets, with a notable performance in digital services.
July 24, 2023 | 7:55 am
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POSITIVE IMPACT
Vodafone's Q1 results show a positive growth trend, which could potentially boost investor confidence. The reaffirmation of FY24 guidance indicates the company's confidence in its future performance.
The reported growth in Q1 revenue and the reaffirmation of FY24 guidance are positive indicators for Vodafone. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100