Vodafone Spain invoices 4,180 million in its fiscal year, 0.3% more

MADRID, 17 May.

Vodafone Spain invoices 4,180 million in its fiscal year, 0.3% more


Vodafone Spain has invoiced 4,180 million euros in Spain in its fiscal year, which ends on March 31, 0.3% more than in its previous fiscal year, after the sale of electronic devices compensates for the 2% drop in service revenue.

The company has presented this Thursday the financial results of its fiscal year 2022 in which it has also highlighted a drop in adjusted gross operating profit (adjusted Ebitda) of 1.1% in organic terms to 957 million euros.

Margins have also gone from 25.1% in the previous fiscal year to 22.9% in the current one in a scenario marked by hyper-competitiveness and the exit from the perimeter of the telecommunications tower business.

Between January and March, the company has recorded service revenues of 908 million euros, 5.1% less than in the same period last year.

At the end of the quarter, the company had 13.59 million mobile customers in Spain, 2.6% more than in the same period of the previous year thanks to demand from the public sector, with 11.4 million contract customers .

In the case of broadband customers, the operator has reduced its base by 5.1% in the last twelve months, although it remains above three million users, while, in television, the firm has yielded 88,000 subscribers up to 1.5 million.

On the other hand, its second Lowi brand has continued to grow and has added another 82,000 customers in the last three months for a total of 1.5 million with 3,100 new lines added in the last twelve months.

In a statement, the company has highlighted the strength of the reserves and the possible positive impact on Ebitda of the Digital Kit, the program to digitize SMEs with European funds in which Vodafone acts as a digitizing agent.