New Street Research - Vodafone Group (VOD LN) Vodafone (Buy, 140p, +100%) Post call thoughts: What is needed to hit EBITDA guidance

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New Street Research

James Ratzer

EUR 9608.00 For Business Accounts Only

Vodafone (Buy, 140p, +100%) Post call thoughts: What is needed to hit EBITDA guidance

Vodafone’s H1 earnings call recently wrapped up with the stock having sold off during and after the call. We review our thoughts on this and in this note show some further analysis on what would be required to meet the FY EBITDA guidance based on the new comments given in the call.

12/11/2024 1 EN

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Vodafone Group

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

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James Ratzer

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Vodafone (Buy, 140p, +100%) Post call thoughts: What is needed to hit EBITDA guidance

European Telecoms: The Year Ahead 2025 Ongoing regulatory support allowing for superior FCF growth

Altice International (Equal Weight) Digi (Equal Weight) NOS (Neutral, TP: €3.7, +9%) Vodafone (Buy, TP: £1.4, +96%) One month on: An update on Digi in Portugal. Downgrade Altice International to Equal Weight

Vodafone-Three UK merger approved Our Quick Take

OpenAI: o3 is a game changer - a few steps away from AG. After the $1bn-to-train model, the $1m-inference model.

Airtel Africa (Buy, TP: GBp200, +85%) Second share buyback program

Takeaways from our conversation with VerticalScope (FORA-TO, Not rated)

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