Vodacom Group mentioned on Wednesday that it hoping to speed up its earnings development over the following 5 years – and is telling traders to count on an improved efficiency within the second half of this decade.
The group, which owns South Africa’s largest cell community operator, mentioned in an announcement to traders, issued through the JSE’s inventory trade information service, that it’s internet hosting an investor briefing session on Wednesday at which it would present an replace on Imaginative and prescient 2030, its technique for the following 5 years.
“As a part of this technique, Vodacom will talk an ambition to speed up group Ebitda development into double digits,” it mentioned, referring to earnings earlier than curiosity, tax, depreciation and amortisation – a measure of working profitability and a keenly watched monetary metric within the telecommunications sector.
“This represents an improve from the present medium-term goal framework of excessive single-digit Ebitda development,” Vodacom, which is managed by the UK’s Vodafone Group, added in its assertion.
The group’s shares had been buying and selling 1% increased on the JSE at 9.30am on Wednesday at R119.93 every. They’ve added 28% over the previous 12 months.
Nevertheless, over a three-year horizon, the shares are nonetheless down 20%. That is the results of an prolonged interval of underperformance between April 2022 and April 2024, throughout which era the share misplaced greater than half its worth, declining from above R160/share to lower than R80/share.
Learn: Vodacom processing R23-billion/day in cell cash transactions
Vodacom Group CEO Shameel Joosub just lately look benefit of the uptick within the share worth to dump R20-million in shares. He offered the shares at an efficient common worth per Vodacom share of simply above R120. – © 2025 NewsCentral Media
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