HotViews Archive

Skip Navigation Links.
Collapse 2018 (54)2018 (54)
Collapse May (54)May (54)
PayPal overwhelms iZettle
21 May 2018
Do you have what it takes to be a TechMarketView analyst?
21 May 2018
PM setting AI on to early cancer diagnosis
21 May 2018
Startupbootcamp Insurtech programme shifts into a higher gear
21 May 2018
Highland proves a lucky talisman for Incopro
21 May 2018
Atos, Dell EMC and Microsoft fire first salvo in AI campaign
21 May 2018
UKCloud. The multi-cloud experts – powering digital transformation in the UK Public Sector
21 May 2018
Sopra Steria awarded new UKVI contract
18 May 2018
The Good Till Co. completes third investment round
18 May 2018
Raise your company profile in our HotViews newsletter & get in front of 18,500+ key decision makers
18 May 2018
Methods and FinancialForce team up to good effect
18 May 2018
Backers help Maze trace path through funding maze
18 May 2018
FE finds funds
18 May 2018
Ocado shines at last
17 May 2018
Experian has strong finish to the year
17 May 2018
*UKHotViewsExtra* Capita’s PCS contract woes underline the need to rewrite the rules on risk transfer
17 May 2018
Oracle and Google bring in more intelligent cloud assets
17 May 2018
HRtech MeVitae plugs in £500k for ATS plug-in
17 May 2018
Sparkler catches PA’s eye
17 May 2018
Sophos FY18 revenue and billings up 18% yoy
17 May 2018
NPIF scatters Ash £200k
17 May 2018
Channel activity nudged Actual Experience up in H1
17 May 2018
*UKHotViews Extra* Elliott takes Cognizant money and runs
17 May 2018
#ATT wins Best Specialist Annual Report & Accounts Award
17 May 2018
The Business Boom
17 May 2018
Unit4 majors on business value and an open platform
16 May 2018
LoopUp bets the business on MeetingZone
16 May 2018
Fuse Universal raises $20m from Eight Roads Ventures
16 May 2018
Join us for An Evening with TechMarketView in September!
16 May 2018
Blue Prism updates on buoyant first half sales
16 May 2018
Worldline scores SIX to build lead in European payments
16 May 2018
Micro Focus holding steady after previous warning
16 May 2018
HPE buys Plexxi for hyperconvergence
16 May 2018
'Refreshed' NIIT Technologies looks to verticalised future
16 May 2018
UK IT Visa cap breached
16 May 2018
NEW White paper - Changing lives: bringing disruptive technology to local government
16 May 2018
Mimecast FY18 revenue up 38%
15 May 2018
Capita wins Financial Services Compensation Scheme contract
15 May 2018
MedCircuit secures funding for A&E software
15 May 2018
Convergys shares rise on sale talks
15 May 2018
Unlock deeper analysis and searchable insight with UKHotViews Premium
15 May 2018
Gatwick Airport teams with HPE to transform network
15 May 2018
appScatter bolsters security
15 May 2018
Concirrus steaming ahead in marine insurance
15 May 2018
Colao stands down amidst mixed Vodafone FY18 results
15 May 2018
Mercia appraises Clear Review with £0.5m funding
15 May 2018
Mphasis breaks through the billion-dollar barrier
14 May 2018
Eckoh Trading Update shows good progress
14 May 2018
The 8th Enterprise Awards - ‘The Oscars of the Technology Industry’ Closing Date 25th May 2018
14 May 2018
StatPro lands another big fish
14 May 2018
Symantec FY clouded by investigation
14 May 2018
*NEW RESEARCH* Capita - The Road to Reinvention
14 May 2018
Cognism raises £2m to cleanse more data
14 May 2018
InterQuest founder aims to exit AIM
14 May 2018

UKHotViews©

 

Tuesday 15 May 2018

Colao stands down amidst mixed Vodafone FY18 results

The UK again underperformed for Vodafone with organic FY18 service revenue down 3.5% to €6.1m including the impact of alterations to handset financing and regulatory caps on roaming charges. Management changes are afoot with current chief executive Vittorio Colao stepping down in October after 10 years at Vodafone’s helm, replaced by current CFO Nick Read, previously head of the UK business and before that the Africa, Asia and Middle East division.

Any UK progress was driven by consumer mobile and fixed line sales, whilst the enterprise business continued to decline in the face of fierce broadband price competition (a situation which Vodafone hopes its partnership deal with CityFibre could address). Adjusted UK EBITDA grew 52% and adjusted EBITDA margin 25% but only 1.4% and 0.3% respectively when changes in handset financing and regulatory settlements are factored in.

Whilst core UK service revenue has been shrinking, Vodafone has put a lot of effort into growing its international business, acquiring CYTA Telecommunications in Greece and outlining plans to merge with Idea Cellular in India and buy Liberty Global assets in Germany and Eastern Europe. On a global basis Vodafone Group revenue slipped 2% yoy to €46.6m (primarily due to declilnes in India), but adjusted EBITDA rose 4% to €14.7m (up 12% organically). A FY17 net loss of €6m was turned into a €2.8m profit in FY18 after momentum in data, fixed/convergence and enterprise sales.

The enterprise business expanded by a modest 1% globally driven by growth in emerging markets whilst also being impacted by roaming caps and price competition in Europe. Though still small, turnover from Internet of Things (IoT) connectivity (including M2M) was up 14% yoy. Vodafone has now hooked up 68m active SIMs to its IoT platform including 14.4m vehicles (helped by deals with Admiral and Continental, see our report IoT: Network Providers Push to Supplant IT Services Players for a detailed appraisal of Vodafone’s IoT business).

The UK may not be Read’s first priority, but it accounts for 15% of the Group total and we think the new chief executive will be looking for domestic improvement nevertheless.

Posted by Martin Courtney at '08:52' - Tagged: results   mobileinternet   mobile   Vodafone   telecommunications   LibertyGlobal  

Add a comment Add a comment Twitter   Facebook   LinkedIn   Email article link




© TechMarketView LLP 2007-2018: Unauthorised reproduction prohibited see full Terms and Conditions.