Vodafone Q3 Revenue, On Management Basis, Down 3.6% - Quick Facts

(RTTNews) - Vodafone Group Plc (VOD.L, VOD) reported that its third-quarter Group revenue, on management basis, declined 3.6% to 11.0 billion pounds, including a 2.1 percentage point impact from adverse foreign exchange movements and a 2.8 percentage point positive impact from M&A and other activity. On an organic basis, Group service revenue decreased 4.8% or 2.4% excluding the impact of mobile termination rate cuts. On statutory basis, Group revenue was 9.6 billion pounds, down 1.5% from prior year.

Vodafone said the performance of the Group remains in line with its expectations. The Group said it remains on target to deliver adjusted operating profit of around 5 billion pounds, and free cash flow in the 4.5 billion pounds-5.0 billion pounds range, based on the pro forma guidance given on 2 September 2013.