Vodafone Group PLC has announced a change in reporting to reflect the reshaped Group following the sale of Vodafone Spain and Vodafone Italy. Both businesses will now be reported as discontinued operations, impacting the FY24 Group financial results. To ensure comparability with prior periods and reflect the new reporting structure of the Group, pro forma financial information for FY23 and H1 FY24 has been provided. The detailed breakdown is available on the Investor Relations website.
The Group's continuing operations pro forma financial results for H1 FY23, H2 FY23, FY23, and H1 FY24 have been outlined, including service revenue, total revenue, adjusted EBITDAaL, adjusted EBITDAaL margin, capital additions, and adjusted free cash flow. Additionally, organic growth rates for service revenue, total revenue, and adjusted EBITDAaL have been presented for specific periods.
Vodafone Spain and Vodafone Italy will be recognized as discontinued operations until the transactions complete, with their financial results reported separately from continuing operations. The reporting segments will now comprise Germany, UK, Other Europe, Turkey, and Africa. The pro forma view of FY23 and H1 FY24 financial results has been prepared for illustrative purposes only, based on factually supportable pro forma adjustments.
For more information, investors can visit the Investor Relations website, while media inquiries can be directed to the provided contact details. Vodafone is the largest pan-European and African telecoms company, serving over 300 million customers in 17 countries and partnering with mobile networks in 45 more. The company's purpose is to connect for a better future by using technology to improve lives, businesses, and help progress inclusive sustainable societies, with a commitment to reaching net zero emissions by 2040.