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Vodafone meets FY guidance, cuts dividend to focus on debt reduction

2019-05-14 08:30:00| Telecompaper Headlines

(Telecompaper) Vodafone Group reported underlying EBITDA up 3.1 percent to EUR 14.14 billion in its fiscal year to March, in line with its guidance. The company said low single-digit growth should continue in the new year, supported by a continued focus on costs. The company reduced its dividend to 9 cents a share from 15.07 cents the previous year, saying it plans to focus more on debt reduction. 

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