Vodafone raises full year guidance after strong first half

Vodafone upgraded its FY27 guidance in its half year results, raising expected adjusted EBITDAaL to 13.2 to 13.4 billion euros and adjusted free cash flow to 2.8 to 3.0 billion euros after organic service revenue rose 5.8 percent.

Why it matters: A guidance upgrade from one of Europe's largest telecom groups, driven by business services and Africa rather than its struggling German consumer unit, signals the multi year cash flow growth plan Vodafone sold to investors is tracking ahead of schedule.

Data as of Vodafone Group H1 FY27 results announcement dated November 10, 2026, furnished on Form 6-K to the SEC (accession 0001654954-26-009641) and read in full from the filings lane copy in this run; every figure is from the announcement itself. Developing item.

Vodafone raised its full year guidance alongside half year results on Tuesday, lifting expected FY27 adjusted EBITDAaL to 13.2 to 13.4 billion euros from 13.0 to 13.3 billion and adjusted free cash flow to 2.8 to 3.0 billion euros from 2.6 to 2.9 billion. First half revenue rose 11.4 percent to 21.9 billion euros, helped by the consolidation of Safaricom, VodafoneThree and Telekom Romania, with organic service revenue up 5.8 percent and adjusted EBITDAaL up 6.4 percent on an organic basis to 6.5 billion euros; the interim dividend rises 2.5 percent to 2.306 eurocents a share. The group still reported a 3.6 billion euro loss for the period on non-cash charges, including an impairment in Germany, where chief executive Margherita Della Valle said performance is not yet where it needs to be.

Vodafone raises full year guidance after strong first half

Sources