PRESS RELEASE: Vodacom trading statement for the quarter ended 30 June 2013
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PRESS RELEASE: Vodacom trading statement for the quarter ended 30 June 2013

Salient features

* Group revenue up 3.0% to R17.5 billion, excluding the sale of Gateway Carrier Services and the impact of foreign exchange translations growth was 5.1%*.

* Group service revenue flat at R14.6 billion, up 2.3%* on a normalised basis.

* Group data revenue up 28.2%, with active data customers increasing 23.3% to 19.4 million as we continue to drive smartphone penetration.

* Group active customers increased 5.3% to 51.5 million, as our International operations continued to expand their coverage.

* Sustained high level of capital investment in all our networks to support the 28.3% growth in Group voice traffic and higher data traffic volumes.

* International operations delivered robust growth, service revenue was up 14.1%* supported by customer growth and increased adoption of data and financial services.

* South African revenue up 3.9%, boosted by the increased handset sales. The service revenue trend is improving with a reported decline of 0.2% and growth of 2.9% excluding the impact of mobile termination rates ('MTR's).

Shameel Joosub, Vodacom Group CEO commented:

"Vodacom continues to perform well. We've seen a substantial increase in traffic as a direct result of executing on our commercial strategy and launching new products across all of our operations. As an example, by focusing on value offerings that allow people to talk for longer, we've grown prepaid minutes of use by 21.0% in South Africa.

Overall, the active customer base has increased 5.3% to 51.5 million and Group revenue from on-going operations, adjusted for foreign exchange, increased 5.1%*.

Data and the International operations remain key parts of the growth story. Data revenue in South Africa increased 21.8% and now accounts for 21.3% of service revenue, up from 17.5% a year ago. Continued network investment supported the increase in data traffic in South Africa, with 1.3 million additional smartphones active and using on average 75% more data per device than a year ago. Equipment sales, primarily smartphones and tablets, totalled R2.7 billion in the quarter.

The International operations added just under 3.3 million customers over the last twelve months, with service revenue increasing 14.1%*. M-Pesa again performed well in Tanzania and has now been launched in Mozambique, DRC and Lesotho."
 

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