Vodafone Q1 FY27 revenue rose 9.7% to €10.3 billion

TL;DR

• Vodafone reported Q1 FY27 revenue of €10.3 billion, up 9.7% year on year, for the three months to end-June.
• Vodafone raised its FY27 EBITDAal guidance to €13 billion to €13.3 billion from €11.9 billion to €12.2 billion after Vodacom increased its stake in Safaricom in June.
• Vodafone said operating profit rose by €2.9 billion to €3.9 billion in the quarter, partly due to a gain related to the Safaricom transaction.
• Vodafone also reported more than 1,200 role reductions in the quarter across Europe and shared operations.

Vodafone reported Q1 FY27 revenue of €10.3 billion, up 9.7% year on year, for the three months to end-June. Vodafone attributed the increase to strong service revenue and the consolidation of 3 UK, and said foreign exchange movements also affected the result. CEO Margherita Della Valle said the quarter showed broad-based growth, with improvements in retail revenue in Germany, strong commercial momentum in the UK, and continued earnings growth in Africa.

Vodafone raised its FY27 guidance after Vodacom Group completed a June transaction to increase its stake in Safaricom, a Kenya-based affiliate that also operates in Ethiopia. Vodafone now expects FY27 EBITDAal, which stands for Earnings Before Interest, Taxes, Depreciation, Amortisation, and after Leases, of €13 billion to €13.3 billion. In its Q4 FY26 results, Vodafone had guided to €11.9 billion to €12.2 billion. Vodafone said the updated range reflects the contribution from Kenya and Ethiopia.

Vodafone said operating profit increased by €2.9 billion in the quarter to €3.9 billion, partly because of a gain related to the Safaricom transaction. Alongside the results, Vodafone reported progress on cost-cutting measures following changes to its European operations, including the sale of its businesses in Italy and Spain in recent years. The company said it saw early integration synergies from merging its home market operation with 3 UK and delivered more than 1,200 new role reductions in the quarter across Europe and shared operations.

Related questions

• What was Vodafone's revenue in Q1 FY27?
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