Final Results - Part 3

RNS Number : 2472V
Vodafone Group Plc
27 May 2008
 



VODAFONE GROUP PLC


VODAFONE ANNOUNCES RESULTS FOR 

THE YEAR ENDED 31 MARCH 2008


PART 3

Embargo:

Not for publication

before 07:00 hours

27 May 2008



KEY PERFORMANCE INDICATORS - MOBILE TELECOMMUNICATIONS BUSINESSES


MOBILE CUSTOMERS(1) - 1 APRIL 2007 TO 31 MARCH 2008 


 

NINE MONTHS TO 31 DECEMBER 2007

QUARTER TO 31 MARCH 2008

COUNTRY (in thousands)

AT 

1 APR 

2007 

NET 

ADDITIONS 

OTHER 

MOVEMENTS(2) 

AT 

31 DEC 

2007 

NET 

ADDITIONS 

OTHER

MOVEMENTS

AT 

31 MAR 

2008 

PREPAID(3)

Europe

 

 

  

 

 

 

 

 

Germany

30,818 

3,102 

- 

33,920 

492 

-

34,412 

55.9%

Italy

21,034 

1,757 

- 

22,791 

277 

-

23,068 

90.5%

Spain

14,893 

917 

- 

15,810 

229 

-

16,039 

42.0%

UK

17,411 

1,036 

- 

18,447 

90 

-

18,537 

60.0%

 

84,156 

6,812 

- 

90,968 

1,088

-

92,056 

64.9%

Other Europe

 

 

 

 

 


 

 

Albania

956 

171 

- 

1,127 

3 

-

1,130 

94.1%

Greece

5,057 

381 

- 

5,438 

22 

-

5,460 

68.3%

Ireland

2,177 

88 

- 

2,265 

(1)

-

2,264 

71.4%

Malta

186 

15 

- 

201 

(1)

-

200 

89.1%

Netherlands

3,880 

133 

25 

4,038 

214 

-

4,252 

42.8%

Portugal

4,751 

360 

- 

5,111 

98 

-

5,209 

78.3%

 

17,007 

1,148 

25 

18,180 

335 

-

18,515 

67.4%

Europe

101,163 

7,960 

25 

109,148 

1,423 

-

110,571 

65.3%

EMAPA

 

 

 

 

 


 

 

Eastern Europe

 

 

 

 

 


 

 

Czech Republic

2,475 

183 

- 

2,658 

40 

-

2,698 

48.1%

Romania

7,954 

854 

- 

8,808 

113 

-

8,921 

64.1%

Hungary

2,163 

141 

- 

2,304 

36 

-

2,340 

55.4%

Turkey

13,900 

2,744 

(528)

16,116 

819 

-

16,935 

88.6%

Poland

2,483 

155 

- 

2,638 

15 

-

2,653 

55.2%

 

28,975 

4,077 

(528)

32,524 

1,023 

-

33,547 

69.3%

Middle East, Africa & Asia

 

 

 

 

 


 

 

Egypt

9,652 

3,325 

356 

13,333 

740 

-

14,073 

95.5%

Kenya

2,433 

1,265 

- 

3,698 

394 

-

4,092 

98.8%

South Africa(4)

15,075 

2,893 

(1,447)

16,521 

477 

-

16,998 

88.8%

India

- 

12,162 

27,703 

39,865 

4,261 

-

44,126 

90.2%

 

27,160 

19,645 

26,612 

73,417 

5,872 

-

79,289 

91.3%

Pacific

 

 

 

 

 


 

 

Australia

3,367 

206 

- 

3,573 

117 

-

3,690 

70.4%

New Zealand

2,244 

65 

- 

2,309 

57 

-

2,366 

73.8%

Fiji

139 

47 

- 

186 

37 

-

223 

96.1%

 

5,750 

318 

- 

6,068 

211 

-

6,279 

73.4%

EMAPA

61,885 

24,040 

26,084 

112,009 

7,106 

-

119,115 

84.2%

Group

163,048 

32,000 

26,109 

221,157 

8,529 

-

229,686 

76.0%

Reconciliation to proportionate

 

 

 


 

 

 

 

Minority interests in above

(5,904)

(5,968)

(9,336)

(21,208)

(1,842)

-

(23,050)

 

 

 

 

 

 

 


 

 

Associates and investments

 

 

 

 

 


 

 

United States

27,322 

2,245 

1 

29,568 

662 

-

30,230 

5.6%

Other

21,927 

3,042 

(2,185)

22,784 

836 

-

23,620 

81.7%

 

49,249 

5,287 

(2,184)

52,352 

1,498 

-

53,850 

 

Proportionate(5)

206,393 

31,319 

14,589 

252,301 

8,185 

-

260,486 

73.5%

Europe

109,032 

8,352 

25 

117,409 

1,434 

-

118,843 

65.3%

EMAPA

97,361 

22,967 

14,564 

134,892 

6,751 

-

141,643 

74.9%



Notes:

(1)  Group customers are presented on a controlled (fully consolidated) and jointly controlled (proportionately consolidated) basis in accordance with the Group's current segments.

(2)  Other movements relate to the acquisition of Vodafone Essar, the disconnection of inactive SIM cards in Turkey, a share repurchase in Egypt, a change in disconnection policies in Egypt, the Netherlands, Turkey and South Africa as well as the acquisition of a customer base in the United States.

(3)  Prepaid customer percentages are calculated on a venture basis. At 31 March 2008, there were 811.5 million venture customers.

(4)  South Africa refers to the Group's interests in Vodacom Group (Pty) Limited and its subsidiaries, including those located outside of South Africa.

(5)  Proportionate customers are based on equity interests as at 31 March 2008. The calculation of proportionate customers for Vodafone Essar also assumes the exercise of call options that could increase the Group's equity interest from 51.58% to 66.98%.  These call options can only be exercised in accordance with Indian law prevailing at the time of exercise.



MOBILE CUSTOMER CHURN


 

 

ANNUALISED CHURN INFORMATION IN THE QUARTER TO

COUNTRY

 

30 JUN

2006

30 SEP

2006

31 DEC

2006

31 MAR

2007

30 JUN

2007

30 SEP

2007

31 DEC

2007

31 MAR

2008

Germany(1)

Total

20.7%

22.1%

20.1%

24.2%

20.7%

20.8%

20.1%

22.6%

 

Contract

14.6%

13.5%

15.7%

14.9%

14.0%

14.7%

14.5%

15.1%

 

Prepaid

26.0%

29.5%

23.9%

31.9%

26.4%

26.0%

24.7%

28.5%

Italy

Total

20.8%

21.7%

19.4%

20.6%

18.1%

25.0%

24.1%

27.5%

 

Contract

17.2%

13.6%

14.8%

14.1%

15.9%

14.7%

17.5%

18.1%

 

Prepaid

21.1%

22.4%

19.8%

21.2%

18.3%

25.9%

24.8%

28.4%

Spain(2)

Total

20.5%

37.0%

23.4%

24.7%

22.4%

24.5%

23.6%

24.1%

 

Contract

12.3%

13.4%

15.3%

16.6%

14.8%

14.6%

15.2%

16.6%

 

Prepaid

28.9%

62.5%

32.8%

34.5%

31.7%

37.2%

34.6%

34.3%

UK

Total

32.8%

37.6%

35.4%

29.8%

34.1%

35.5%

34.7%

35.7%

 

Contract

20.1%

18.8%

17.9%

17.4%

15.9%

15.3%

15.6%

17.3%

 

Prepaid

40.9%

49.9%

47.0%

37.9%

46.0%

48.8%

47.4%

47.8%


Notes:

(1)  The customer churn for Germany in the quarter ended 31 December 2006 benefited from a regulatory driven change in the prepaid disconnection policy, which reduced disconnections by 291,000 in the quarter. The underlying prepaid customer churn, excluding this change, was 31.1% and total churn was 24.0%.

(2)  The customer churn for Spain in the quarter ended 30 September 2006 includes the effect of 584,000 disconnections following a change in the application of disconnection policies. The underlying customer churn, excluding these disconnections, was 20.1%.




3G DEVICES(1)

 

NINE MONTHS TO 31 DECEMBER 2007

QUARTER TO 31 MARCH 2008

COUNTRY (in thousands)

AT 1 APR

2007

NET

ADDITIONS

AT 31 DEC

2007

NET

ADDITIONS

AT 31 MAR

2008

Germany

3,720

1,595

5,315

521

5,836

Italy

3,762

1,678

5,440

465

5,905

Spain

2,890

1,954

4,844

420

5,264

UK

1,938

1,323

3,261

371

3,632

Other Europe

2,353

883

3,236

319

3,555

Europe 

14,663

7,433

22,096

2,096

24,192

EMAPA(2)

1,492

1,093

2,585

283

2,868

Group

16,155

8,526

24,681

2,379

27,060


Consumer devices

14,458

7,232

21,690

1,783

23,473

Business devices

1,697

1,294

2,991

596

3,587

Group

16,155

8,526

24,681

2,379

27,060


Notes:  

(1)  3G devices only include those in the Group's subsidiary and joint venture undertakings. At 31 March 2008, there were an additional 4.0 million (31 December 2007: 3.7 million, 30 September 2007: 3.2 million, 30 June 2007: 3.3 million, 31 March 2007: 3.0 million) registered Vodafone live! with 3G and Vodafone Mobile Connect data card venture customers in the Group's associated undertakings.

(2)  During the quarter ended 31 December 2007, the number of 3G devices in the EMAPA region was revised upwards by 287,000, 379,000 and 473,000 at 1 April 2007, 30 June 2007 and 30 September 2007, respectively, to align with Group policies.



MOBILE VOICE USAGE VOLUMES


 

TOTAL VOICE MINUTES(1) IN THE QUARTER TO

COUNTRY (in millions)

30 JUN

2006

30 SEP

2006

31 DEC

2006

31 MAR

2007

30 JUN

2007

30 SEP

2007

31 DEC

2007

31 MAR

2008

Europe

 

 

 

 

 

 

 

 

Germany

7,614

7,979

8,650

9,230

9,897

10,263

10,827

11,023

Italy

7,687

8,050

8,256

8,439

8,932

9,051

9,651

9,813

Spain

6,978

7,533

7,655

8,248

8,530

8,886

8,800

8,815

UK

7,207

7,579

8,160

8,790

8,963

9,112

9,434

9,508

Albania

148

166

160

167

196

215

188

179

Greece

2,075

2,216

2,113

1,985

2,168

2,282

2,244

2,262

Ireland

1,380

1,422

1,462

1,420

1,490

1,517

1,543

1,551

Malta

49

55

50

48

55

64

59

57

Netherlands

1,820

1,711

1,868

1,900

2,006

1,899

2,036

2,077

Portugal

1,472

1,606

1,586

1,612

1,657

1,836

1,764

1,763

Europe

36,430

38,317

39,960

41,839

43,894

45,125

46,546

47,048


EMAPA

 

 

 

 

 

 

 

 

Eastern Europe

 

 

 

 

 

 

 

 

Czech Republic

901

868

919

916

985

998

1,075

1,067

Hungary

948

980

1,030

1,030

1,110

1,149

1,206

1,224

Romania(2)

1,873

2,059

2,231

2,339

2,540

2,726

2,778

2,754

Turkey(3)

2,494

6,451

5,781

6,224

6,583

6,551

6,157

6,155

Joint Venture

575

641

717

681

769

819

855

930

 

6,791

10,999

10,678

11,190

11,987

12,243

12,071

12,130

Middle East, Africa & Asia

 

 

 

 

 

 

 

 

Egypt

2,869

3,462

3,670

4,156

4,794

5,591

5,878

6,398

India(4)

-

-

-

-

22,277

37,337

41,571

48,766

Joint Ventures(5)

5,160

5,713

6,638

5,781

3,016

4,854

4,613

4,652

 

8,029

9,175

10,308

9,937

30,087

47,782

52,062

59,816

Pacific

 

 

 

 

 

 

 

 

Australia

2,006

2,141

2,238

2,222

2,179

2,252

2,422

2,402

New Zealand

597

597

672

771

793

834

888

904

Joint Venture

28

33

34

32

38

42

47

44

 

2,631

2,771

2,944

3,025

3,010

3,128

3,357

3,350

EMAPA

17,451

22,945

23,930

24,152

45,084

63,153

67,490

75,296

Group

53,881

61,262

63,890

65,991

88,978

108,278

114,036

122,344


Notes:

(1)  The total voice minute information presented in the table above represents network minutes, or the volume of minutes handled by each local network, and includes incoming, outgoing and visitor calls. The voice minute information in respect of Germany and New Zealand reflects billed minutes, under which calls are rounded up to the nearest minute under certain tariffs.

(2)  During the quarter ended 31 December 2006, Vodafone Romania restated usage volumes for all quarters in the prior year. Previous volumes were billed minutes and this has now been restated to network minutes.

(3)  On 24 May 2006, the Group acquired substantially all the assets and business of Telsim Mobil Telekomunikasyon Hizmetleri in Turkey. The quarter ended 30 June 2006 has been restated to include voice minutes from the acquisition date.

(4)  Vodafone Essar is included from 8 May 2007 and usage for the year has been rephased following the further integration of its operations into the Group.  

(5)  With effect from the quarter ended 30 September 2007, joint venture minutes within the Middle East, Africa & Asia area include the Group's share of minutes for Vodacom Group (Pty) Limited and its subsidiaries, including those located outside of South Africa. 




MESSAGING AND DATA AS A PERCENTAGE OF SERVICE REVENUE(1)


 

QUARTER TO 31 MARCH 2008

COUNTRY

MESSAGING

DATA

TOTAL


Germany

13.4%

12.9%

26.3%

Italy

16.2%

6.9%

23.1%

Spain

9.0%

7.1%

16.1%

UK

20.1%

8.3%

28.4%

Europe

13.4%

8.0%

21.4%

EMAPA

9.4%

6.1%

15.5%

Group

12.4%

7.5%

19.9%




HISTORIC MESSAGING AND DATA INFORMATION


 

MESSAGING AND DATA AS A PERCENTAGE OF SERVICE REVENUE(1) IN THE QUARTER TO

COUNTRY

30 JUN

2006

30 SEP

2006

31 DEC

2006

31 MAR

2007

30 JUN

2007

30 SEP

2007

31 DEC

2007

31 MAR

2008

 

 

 

 

 

 

 



Germany

21.2%

21.6%

22.9%

24.4%

24.3%

24.9%

25.6%

26.3%

Italy

17.3%

17.5%

18.7%

20.4%

21.2%

22.5%

23.2%

23.1%

Spain

15.7%

14.7%

15.3%

16.0%

16.1%

17.3%

16.5%

16.1%

UK

20.9%

21.7%

23.2%

24.3%

24.9%

25.3%

27.1%

28.4%

Europe

17.5%

17.7%

18.7%

19.6%

19.9%

20.7%

21.2%

21.4%

EMAPA

12.6%

14.4%

15.0%

11.8%

12.9%

12.2%

13.3%

15.5%

Group

16.6%

16.9%

17.9%

18.0%

18.2%

18.5%

19.1%

19.9%


Note:

(1)  Messaging and data percentages are calculated using service revenue from all businesses within the Group and include fixed line revenue. At 30 September 2007, historical data was revised to provide comparative information. Calculations are based on service revenue rounded to the nearest 0.1 million using local currency for individual countries and sterling for regional and Group numbers.




AVERAGE MONTHLY REVENUE PER USER IN THE QUARTER


COUNTRY

 

30 JUN

2006

30 SEP

2006

31 DEC

2006

31 MAR

2007

30 JUN

2007

30 SEP

2007

31 DEC

2007

31 MAR

2008


Europe:

 

 

 

 

 

 

 



Germany

Total

22.1

22.4

20.9

19.3

19.5

19.5

18.0

17.0

(EUR)

Contract

38.4

39.0

36.7

34.7

34.9

35.3

33.1

32.0

 

Prepaid

7.6

7.6

7.0

6.1

6.2

6.1

5.5

5.0

Italy

Total

27.6

27.1

25.8

23.4

23.2

22.7

22.3

22.5

(EUR)

Contract

72.6

68.0

71.1

69.5

69.8

65.2

65.4

62.1

 

Prepaid

23.3

23.2

21.5

19.1

18.8

18.6

17.2

16.4

Spain

Total

35.3

36.4

35.3

33.8

36.3

36.5

34.7

34.2

(EUR)

Contract

54.8

55.2

51.3

48.9

52.0

51.7

48.0

45.4

 

Prepaid

15.0

15.4

16.0

15.0

16.4

16.5

15.5

14.9

UK

Total

23.7

24.5

23.6

22.7

23.1

24.1

22.7

21.8

(GBP)

Contract

45.2

46.5

43.7

43.4

43.5

45.8

42.2

41.2

 

Prepaid

8.9

9.4

9.5

8.6

8.9

9.0

9.0

8.4

Albania

Total

2,122

2,311

2,086

1,868

1,844

2,016

1,780

1,707

(ALL)

Contract

17,240

17,941

16,329

14,612

14,403

14,733

11,781

9,049

 

Prepaid

1,606

1,782

1,605

1,419

1,366

1,497

1,308

1,258

Greece

Total

31.1

31.0

27.6

24.7

25.5

26.2

22.9

21.6

(EUR)

Contract

65.6

66.8

61.6

56.5

60.0

62.0

53.4

49.7

 

Prepaid

13.7

13.4

11.4

10.1

10.2

10.4

8.9

8.4

Ireland

Total

48.8

46.9

45.6

44.6

45.4

45.1

43.9

44.0

(EUR)

Contract

102.8

99.4

94.5

92.5

94.3

94.1

89.4

85.8

 

Prepaid

29.3

28.0

27.9

27.2

27.1

26.6

26.3

24.1

Malta(1)

Total

37.4

42.7

32.8

31.4

36.1

39.9

31.9

28.5

(EUR)

Contract

99.8

98.4

93.7

90.7

93.8

95.9

87.2

74.2

 

Prepaid

28.6

34.6

23.9

22.3

27.0

31.0

23.1

20.4

Netherlands

Total

35.7

36.9

31.7

36.1

37.9

38.8

36.3

35.8

(EUR)

Contract

63.5

64.6

52.0

57.8

59.7

59.6

55.8

55.0

 

Prepaid

10.1

10.4

9.8

9.8

10.6

10.8

9.4

9.4

Portugal

Total

23.5

24.4

22.8

22.1

22.4

23.7

22.4

21.5

(EUR)

Contract

62.2

62.8

57.8

54.2

54.9

59.0

54.2

50.9

 

Prepaid

13.0

13.9

13.2

13.2

13.2

14.0

13.4

13.0


EMAPA Subsidiaries:

 

 

 

 

 

 

 

 

Australia

Total

49.4

52.4

54.0

51.3

50.5

49.5

53.2

52.5

(AUD)

Contract

92.7

96.4

98.8

97.1

96.2

93.6

96.8

90.7

 

Prepaid

33.9

36.2

37.2

34.1

33.0

32.0

35.2

35.7

Czech Republic

Total

674

670

658

613

635

619

618

581

(CZK)

Contract

978

966

946

897

916

889

891

844

 

Prepaid

331

334

331

295

320

320

319

296

Egypt

Total

79.4

88.1

79.4

75.0

75.6

71.6

66.7

63.6

(EGP)

Contract

292.1

309.7

289.9

295.8

308.8

304.5

281.2

286.7

 

Prepaid

57.1

66.7

61.4

59.1

60.4

58.2

55.6

52.6

Hungary

Total

5,066

5,339

5,171

4,749

4,935

4,994

4,846

4,270

(HUF)

Contract

9,129

9,097

8,529

7,847

8,010

7,832

7,484

6,639

 

Prepaid

3,125

3,359

3,250

2,839

2,873

2,930

2,801

2,362

India

Total

N/A

N/A

N/A

N/A

N/A

361

349

350

(INR)

Contract

N/A

N/A

N/A

N/A

N/A

995

1,059

1,067

 

Prepaid

N/A

N/A

N/A

N/A

N/A

277

264

269

New Zealand

Total

46.6

46.6

50.7

49.3

47.1

48.8

52.1

51.1

(NZD)

Contract

126.1

125.3

128.9

122.8

117.2

118.7

120.3

115.7

 

Prepaid

23.2

22.5

23.7

23.4

21.4

22.0

23.7

23.3

Turkey

Total

N/A

16.5

14.4

14.4

15.7

16.3

14.6

13.2

(TRY)

Contract

N/A

31.4

28.2

28.7

29.2

29.8

28.7

27.4

 

Prepaid

N/A

14.8

12.9

12.9

14.1

14.7

12.9

11.4

Romania(2)

Total

10.7

11.2

11.0

9.8

11.0

11.1

11.1

9.9

(EUR)

Contract

20.7

21.7

21.5

19.1

21.9

22.4

22.3

19.6

 

Prepaid

4.7

5.1

5.0

4.3

4.7

4.6

4.5

4.0


Notes:

(1)  Vodafone Malta adopted the euro from 1 January 2008. Historical ARPU numbers have been translated at the 1 January 2008 maltese lira/euro exchange rate.

(2)  Romania adopted the euro from 1 October 2007. Historical ARPU numbers have been translated at the 1 October 2007 US$/euro exchange rate.




This information is provided by RNS
The company news service from the London Stock Exchange
 
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