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Vodafone Group Faces Steep Decline in Profit and Revenue in Fourth Quarter of 2024

Navigating Financial Turmoil: A Closer Look at Vodafone Group*s Fourth Quarter Performance


Published / Modified Jun 15 2024
Goran Soko / CSIMarket.com


In the financial time-frame ending March 31, 2024, Vodafone Group Public Ltd Co announced a decrease in both top and bottom-line figures.
The net profit per share plummeted by -41.42%, while revenue fell by -19.445% year on year.
This decline was reflected in the revenue, which dropped to $41.12 billion compared to $51.05 billion, and the earnings per share, which decreased to $0.05 from $0.08 in the comparable time-frame a year ago.
Net earnings also saw a significant decrease, falling to $1,685.600 million from $2,938.880 million in the fourth quarter of 2023.

Analysts pointed out that the operating margin of Vodafone Group Public Ltd Co also decreased to 9.98%, while the net margin shrank to 4.1% in the fourth quarter of 2024.
Operating earnings fell by -35.29% to $4104.8 million, leading to a decrease in the operating margin from 12.43% in the fourth quarter of 2022.

Despite these challenges, Vodafone Group Public Ltd Co is expected to report its next financial results on June 20, 2024.
The company's shares have increased by 14.39% in the past 30 days and by 3.11% in the past 5 trading days, indicating a positive trend in the market.
Vodafone Group Public Ltd Co shares are currently just 5.6% short of its 52-week high, indicating potential for further growth.

In light of these financial results, it is crucial to highlight the recent collaboration between VMware, recently acquired by Broadcom Inc., and Vodafone at the Mobile World Congress in Barcelona.
This partnership aims to enhance network performance by integrating network programmability and intelligence into the Radio Access Network (RAN).
This innovative proof of concept (POC) showcases the companies' commitment to delivering exceptional network performance and catering to the growing demands of short-form video content.
This collaboration has the potential to impact future results positively by optimizing network performance and enhancing customer experiences.

Overall, while Vodafone Group Public Ltd Co faced challenges in the financial time-frame ending March 31, 2024, the company's strategic collaborations and potential for growth in the market indicate a positive outlook for the future.
Investors and stakeholders will be closely monitoring the company's upcoming financial results and the impact of its partnerships on its performance.



Vodafone Group Public Ltd Co's ROA

Vodafone Group Public Ltd Co's Price to Book ratio



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