Vodafone organic service revenue up 2.3%
Q2 organic service revenue growth was 2.4%, led by improvement in Europe to 1.0%; AMAP grew 7.1%. H1 Group organic EBITDA growth was 4.3% to €7.9 billion, supported by strong cost control.
Breakeven free cash flow (FCF), reflecting lower capital additions and seasonal working capital outflows.
Non-cash impairment in India of €5.0 billion, net of tax, due to increased competition.
Full year guidance narrowed: EBITDA now €15.7-€16.1 billion (3-6% organic growth), FCF at least €4.0 billion.
Interim dividend per share of 4.74 eurocents, up 1.9% based on the 31 March 2016 year-end conversion rate. ■