Vodafone Group said its revenue increased by 4 percent to €45.6 billion in fiscal 2022 — mainly driven by service revenue growth in Europe and Africa.
Vodafone generated revenue of €13.128 from Germany, €5.022 billion from Italy, €6.589 billion from the UK, €4.18 billion from Spain, €5.653 billion from other Europe and €5.993 billion from Vodacom, €3.83 billion from other markets and €1.252 billion from Vantage Towers.

Vodafone achieved adjusted EBITDAaL growth of 5 percent to €15.2 billion and margin expansion of 0.5* percentage points to 33.4 percent in fiscal 2022.

Vodafone said ongoing delivery of efficiency program resulted into to a net €1.5 billion of savings during FY19-22.

Operating profit increased by 11.1 percent to €5.7 billion, reflecting the growth in Adjusted EBITDAaL and reduction in depreciation and amortisation on owned assets

Vodafone said its 5G network is available in 294 cities across Europe in fiscal 2022 as compared with 240 cities in fiscal 2021.

“We delivered a good financial performance in the year with growth in revenues, profits and cash flows, in line with our medium-term financial ambitions. Our organic growth underpinned a step-change in our return on capital, which improved by 170bps to 7.2%,” Vodafone Group CEO Nick Read said.

“Whilst we are not immune to the macroeconomic challenges in Europe and Africa, we are positioned well to manage them and we expect to deliver a resilient financial performance in the year ahead,” Nick Read said.

CAPEX

Vodafone Group’s total capital expenditure rose 6 percent to €8.306 billion in fiscal 2022 from €7.854 billion in fiscal 2021.

Vodafone Group’s spending on Network & IT maintenance rose 1 percent from €2.266 billion in fiscal 2021to €2.299 billion in fiscal 2022.

Vodafone Group’s spending on Coverage & capacity (including VTWR) increased 17 percent from €2.584 billion in fiscal 2021to €3.011 billion in fiscal 2022.

Spending on IT transformation declined 10 percent from €916 million in fiscal 2021 to €827 million in fiscal 2022.

Vodafone said spending on new products and digital services increased from €1.263 billion in fiscal 2021 to €1.470 billion in fiscal 2022.

Vodafone said spending on success based CPE fell 15 percent from €825 million in fiscal 2021 to €699 million in fiscal 2022.