Vodafone increases its 2015 interim dividend by 2.2%

DividendMax Ltd.

Highlights

 

H1 Group organic service revenue up 1.0%*; H1 Group revenue down 2.3% to £20.3 billion

 

Fifth consecutive quarter of improving revenue trends: Q2 Group organic service revenue growth 1.2%*; Europe -1.0%*, AMAP 6.7%*

 

Return to EBITDA growth in H1: up 1.9%* to £5.8 billion

 

Free cash outflow of £0.5 billion, reflecting phasing of Project Spring capex

 

Full year guidance: EBITDA now £11.7 billion to £12.0 billion; free cash flow positive

 

Net debt £28.9 billion, or £25.4 billion net of $5.2 billion Verizon loan notes

 

Interim dividend per share of 3.68 pence, up 2.2%