Nov 12, 2024 / 10:00AM GMT
Margherita Della Valle - Vodafone Group PLC - Chief Executive Officer, Executive Director
Good morning, everyone, and thank you for joining us today. Before going to Q&A, I'd like to outline the key highlights of our half one results, as well as the progress we have made on our strategic priorities.
Overall, our results are in line with our expectations and consistent with our full year guidance, which we have reiterated today. Group EBITDAaL grew by 3.8% in the first half despite the impact of the MDU transition and our decision to invest more commercially in Germany. This was supported by strong EBITDAaL growth the rest of our footprint, with the UK growing at over 8%, other Europe at over 3% and with Turkey growing by circa 50% in euro terms. As expected, service revenue trends slowed in Q2, reflecting the big impact from the MDU transition in Germany.
Moving on to our strategic priorities of Customers, Simplicity and Growth, I'm pleased by the progress we are making to deliver the transformation of Vodafone. Our main area of operational focus this year is, of course, Germany. We
Half Year 2025 Vodafone Group PLC Earnings Call Transcript
Nov 12, 2024
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