Vodafone makes €6bn loss
- Author:Ella Cai
- Release on:2017-05-17
Vodafone made a loss of €6.1 billion for its FY to the end of March with a €3.7 billion hit from its Indian subsidiary which is in the process of being disposed of via a merger with IdeaCellular.
Vodafone’s revenue for the year was €47.6 billion – down 4.4% on 2015.
Vodafone’s revenue for the year was €47.6 billion – down 4.4% on 2015.
EBITDA was $14.1 billion.
Net debt was €39.9 billion of which $8.7 billion was debt incurred by the Indian operation.
Vittorio Colao, Vodafone’s CEO, says he expects the company to generate free cash flow of €5 billion next year, compared to $4.1 billion last year.
Vodafone’s revenue for the year was €47.6 billion – down 4.4% on 2015.
Vodafone’s revenue for the year was €47.6 billion – down 4.4% on 2015.
EBITDA was $14.1 billion.
Net debt was €39.9 billion of which $8.7 billion was debt incurred by the Indian operation.
Vittorio Colao, Vodafone’s CEO, says he expects the company to generate free cash flow of €5 billion next year, compared to $4.1 billion last year.
