Vodafone Group Plc.
INTERIM RESULTS FOR THE SIX MONTHS TO 30 SEPTEMBER 2003 (Part 3 of 3)
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Part 3 of 3
INTERIM RESULTS FOR THE SIX MONTHS TO 30 SEPTEMBER 2003
For the full text of this announcement, please go to http://www.vodafone.com
OTHER INFORMATION
These interim results will be available on the Vodafone Group Plc website,
http://www.vodafone.com , from 18 November 2003.
Copies of this document are also available from the Company’s registered office:
Vodafone House
The Connection
Newbury
Berkshire
RG14 2FN
For further information:
Vodafone Group
Tim Brown, Group Corporate Affairs Director
Tel: +44 (0) 1635 673310
Investor Relations
Melissa Stimpson
Darren Jones
Tel: +44 (0) 1635 673310
Media Relations
Bobby Leach
Ben Padovan
Tel: +44 (0) 1635 673310
Tavistock Communications
Lulu Bridges
John West
Justin Griffiths
Tel: +44 (0) 20 7920 3150
end of ad-hoc-announcement (c)DGAP 18.11.2003
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
These forward-looking statements are made on the basis of
certain assumptions which Vodafone believes to be reasonable in light of
Vodafone’s operating experience in recent years. The principal assumptions on
which these statements are based relate to exchange rates, customer numbers,
usage and pricing, take-up of new services, termination rates, customer
acquisition and retention costs and the availability of handsets.
The document also contains other forward-looking statements including statements
with respect to Vodafone’s expectations as to launch and roll-out dates for
products and services, including, for example, 3G services, Vodafone live! and
Vodafone’s business offerings; intentions regarding the development of products
and services; the ability to integrate our operations throughout the Group in
the same format and on the same technical platform and the ability to be
operationally efficient; the anticipated share repurchase programme; the rate
of dividend growth by the Group or its existing investments; expected effective
tax rates and expected tax payments; mobile penetration and coverage rates;
expectations with respect to long-term shareholder value growth; our ability to
be the mobile market leader, overall market trends and other trend projections.
Forward-looking statements are sometimes, but not always, identified by their
use of a date in the future or such words as “anticipates”, “aims”, “could”,
“may”, “should”, “expects”, “believes”, “intends”, “plans” or “targets”.
By their nature, forward-looking statements are inherently predictive,
speculative and involve risk and uncertainty because they relate to events and
depend on circumstances that will occur in the future. There are a number of
factors that could cause actual results and developments to differ materially
from those expressed or implied by these forward-looking statements
particularly the statements under “Outlook”, “Expenses” and “Taxation” referred
to above. These factors include, but are not limited to, the following: changes
in economic or political conditions in markets served by operations of the
Group that would adversely affect the level of demand for mobile services;
greater than anticipated competitive activity requiring changes in pricing
models and/or new product offerings or resulting in higher costs of acquiring
new customers or providing new services; the impact on capital spending from
investment in network capacity and the deployment of new technologies, or the
rapid obsolescence of existing technology; slower customer growth or reduced
customer retention; the possibility that technologies, including mobile internet
platforms, and services, including 3G services, will not perform according to
expectations or that vendors’ performance will not meet the Group’s
requirements; changes in the projected growth rates of the mobile
telecommunications industry; the Group’s ability to realise expected synergies
and benefits associated with 3G technologies, the integration of our operations
and those of recently acquired companies; future revenue contributions of both
voice and non-voice services offered by the Group; lower than expected impact
of GPRS, 3G and Vodafone live! and the Group’s business offerings on the Group’s
future revenues, cost structure and capital expenditure outlays; the ability of
the Group to harmonise mobile platforms and any delays, impediments or other
problems associated with the roll-out and scope of 3G technology and services
and Vodafone live! and the Group’s business offerings in new markets; the
ability of the Group to offer new services and secure the timely delivery of
high-quality, reliable GPRS and 3G handsets, network equipment and other key
products from suppliers; greater than anticipated prices of new mobile handsets;
the ability to realise benefits from entering into partnerships for developing
data and internet services and entering into service franchising and brand
licensing; the possibility that the pursuit of new, unexpected strategic
opportunities may have a negative impact on one or more of the measurements of
our financial performance; any unfavourable conditions, regulatory or otherwise,
imposed in connection with pending or future acquisitions or dispositions;
changes in the regulatory framework in which the Group operates, including
possible action by the European Commission regulating rates the Group is
permitted to charge; the Group’s ability to develop competitive data content
and services which will attract new customers and increase average usage; the
impact of legal or other proceedings against the Group or other companies in the
mobile telecommunications industry; changes in exchange rates, including
particularly the exchange rate of the pound to the euro, US dollar and the
Japanese yen; the risk that, upon obtaining control of certain investments, the
Group discovers additional information relating to the businesses of that
investment leading to restructuring charges or write-offs or with other negative
implications; changes in statutory tax rates and profit mix which would impact
the weighted average tax rate; changes in tax legislation in the jurisdictions
in which the Group operates; final resolution of open issues which might impact
the effective tax rate; timing of tax payments relating to the resolution of
open issues and loss of suppliers or disruption of supply chains.
Furthermore, a review of the reasons why actual results and developments may
differ materially from the expectations disclosed or implied within forward-
looking statements can be found under “Risk Factors” contained in our Annual
Report & Accounts and Form 20-F with respect to the financial year ended 31
March 2003. All subsequent written or oral forward-looking statements
attributable to the Company or any member of the Group or any persons acting on
their behalf are expressly qualified in their entirety by the factors referred
to above.
No assurance can be given that the forward-looking statements in this document
will be realised. Neither Vodafone nor any of its affiliates intends to update
these forward-looking statements.
End of Part 3
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WKN: 875999; ISIN: GB0007192106; Index: Stoxx 50
Listed: Amtlicher Markt in Frankfurt (General Standard/Dt. Zert.); Freiverkehr
in Berlin-Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
181037 Nov 03
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