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Vodafone Plc results for the year ended 31 March 2003

Posted on 27-May-2003 19:05 | Filed under: News

Vodafone Plc results for the year ended 31 March 2003
Vodafone Plc just released its results for the year ended 31 March 2003. Some of the highlights in the report:

� Turnover increased 33% to �30,375 million, including the effect of a first full year�s results from the Group�s Japanese operations, with Group data revenues increasing 73% to �3,622 million. Proportionate turnover increased 14% to �33,926 million
� Profit on ordinary activities before taxation, before goodwill amortisation of �14,056 million and exceptional items of �581 million, increased 36% to �8,429 million
� Loss for the financial year of �9,819 million, compared to �16,155 million for the prior year

Group highlights
� Sustained improvement in ARPU in many key markets in Europe, driven by increased usage of both voice and data services, combined with better than expected ARPU levels in Japan
� Continued strong progress in data, with revenues from data services increasing by 73% to �3,622 million, representing 14.6% of service revenues for the year ended 31 March 2003 and 15.6% of service revenues for the month of March 2003. Data service revenues expected to exceed 20% of mobile service revenues in 2004
� Worldwide customer base of 119.7 million proportionate registered customers, representing growth of 18.6 million or 18.4% since 31 March 2002, including 10.7 million organic net additions. Venture registered customer base of 296.0 million
� Tangible fixed asset additions of approximately �4,800 million, lower than expected due to rephasing and cost efficiencies

Vodafone Live!
� European launch of Vodafone live!, with over one million live! customers at 31 March 2003
� Now launched in thirteen countries
� Critically acclaimed by the industry, receiving awards from the GSM Association for best consumer application, advertising and mobile handset

Other commercial initiatives
� Launch of the first global service from Vodafone�s business proposition, Mobile Office from Vodafone, called Mobile Connect Card, offering a Vodafone-branded solution for secure remote connection of laptops to a corporate network using a Vodafone-enabled GPRS data card and customised software
� Launch of new services: prepaid top-ups, allowing customers to top-up their prepaid mobile phones when travelling abroad; Eurocall Platinum, aimed at high-usage business travellers in Europe; and GPRS roaming, enabling seamless access to Vodafone live! and Mobile Connect Card across Vodafone and Vodafone�s partner networks