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Embargo: Not for publication before 07:00 hours 27 May 2008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.

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END

 

 

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