Consistent results: growth, investment, cash generation, shareholder returns
Q2 Group organic service revenue growth +1.3%(*); Europe -1.2%(*), AMAP +8.2%(*)
H1 EBITDA up 2.3% to £7.5 billion; EBITDA margin 32.0%, down 0.6 percentage points, as expected
Adjusted operating profit £6.0 billion; full year guidance now improved to £11.4 – £11.8 billion
Free cash flow £2.6 billion; full year guidance of £6.0 – £6.5 billion confirmed(1)
Interim dividend 3.05 pence, up 7.0%; special dividend of 4.0 pence to be paid at the same time
Continued progress on strategic delivery
Data revenue +23.8%(*), with smartphone penetration in Europe rising to 21.7% in Q2; 24% of consumer contract customers in Europe(2) are on integrated voice, SMS and data tariffs
Enterprise revenue +2.6%(*), driven by new account wins, growth in demand for converged services and increasing penetration of existing clients
Continued strong momentum in emerging markets: India service revenue +18.4%(*), Turkey +27.9%(*), Vodacom +7.3%(*)
Increased focus on new services: M-Pesa now in 7 markets with 27 million registered users; charge-tobill launched in Europe; machine-to-machine revenue up 33%(*) with 6.2 million SIMs
£2.8 billion dividend from Verizon Wireless due January 2012, with £2.0 billion special dividend to be paid to Vodafone shareholders; SFR stake sold, with £4.0 billion committed to a share buyback
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