Vodafone Greece: Increased customer base

Vodafone Greece recorded an increase in the customer base in mobile telephony and a record in data traffic during the financial year 2021-2022, according to the financial statements announced today by the Vodafone group. The return of tourism flows brought new historical highs in use, as well as higher roaming revenues, compared to the previous year, partially offsetting the loss from the reduction of mobile termination fees.

In particular, revenues for the financial year April 2021 – March 2022, remained stable on an annual basis at 925 million euros, but revenues from services increased by 3%. They reached 858 million euros from 837 million euros in the financial year 2020-2021.

On the other hand, the adjusted EBITDA amounted to 228 million euros, reduced by 55 million euros, compared to the previous financial year, when it amounted to 283 million euros. Reduction attributable to the lump sum payment of accrued liabilities from previous years related to universal service. Without this one-off payment, adjusted profitability would increase by 3%.

Adding 145,000 new customers

As for the mobile customer base, it increased by 183,000 customers and reached 4,254 million, with the company having succeeded in adding 145,000 new prepaid customers and 38,000 contract subscribers, which constitute 39.3% of the base.

While stable, despite the intense competition, its base increased by 6,000 and reached 972,000 customers, which is the company’s highest performance since entering the land line market.

In Data use, Vodafone recorded a historic record with 185,846 TB and an increase of 52% compared to the previous financial year (122,219 TB).

In addition, the APRU decreased at the end of the financial year, reaching 9.9 euros compared to 10.4 euros last year, reduced by 4% at a time when inflation in March 2022 was approaching + 9%.