
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%.


Latest News

Trump Tariffs Jeopardize Growth: Piraeus Chamber of Commerce
The tariffs, aimed at reducing the U.S. trade deficit, are expected to have both direct and indirect effects on the European economy

EU Condemns Trump Tariffs, Prepares to Retaliate
As tensions escalate, the EU is expected to continue negotiations with Washington while preparing for potential economic retaliation.

The Likely Impact of Trump Tariffs on Europe and Greece
Trump tariffs are expected to negatively affect economic growth in the Eurozone while Greece's exports could take a hit.

Motor Oil Results for 2024: Adjusted EBITDA of 995 mln€; Proposed Dividend of 1.4€ Per Share
Adjusted EBITDA for 2024 was down 33% yoy. The adjusted profit after tax for 2024 stood at 504 million euros, a 43% decrease from the previous year

Cost of Living: Why Greece’s 3% Inflation Is Raising Alarm
Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.

Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses

Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.

Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February

Greece’s Unemployment Rate Drops to 8.6% in February
Despite the overall decline, unemployment remains higher among women and young people.

Jerry Kalogiratos Highlights Key Role of Energy Transition and Data Demand in LNG Outlook
Energy transition and the prospects of LNG were discussed at Capital Link’s 19th Annual International Maritime Forum, during a panel discussion with Jerry Kalogiratos (Capital Clean Energy Carriers Corp.)