Vodafone Group PLC (VOD.LN): 1H Earnings
Due: Nov. 10 at 0700 GMT
DJ Survey of 9 Analysts
Average Revenue: GBP21.71B, up 9.1% (GBP19.90B in 1H Fiscal 2009)
Average Ebitda: GBP7.58B, up 4.7% (GBP7.24B in 1H Fiscal 2009)
Average Adjusted Profit Before Tax: GBP5.45B, up 3% (GBP5.29B in 1H Fiscal 2009)
Average Adjusted Profit From Continuing Operations Attributable To
Equity Shareholders: GBP3.98B, down 0.3% (GBP3.99B in 1H Fiscal 2009)
Note: Ebitda seen up largely on currency gains, as Vodafone generates around 7% of Ebitda in the UK. Cost cutting will also boost performance. Analysts expect Vodafone to condense the current GBP1B cost-cutting program into two rather than three years and add a further GBP500M to the target. European Ebitda margins will also be closely watched. (LEV)
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