Home / BUSINESS / Vodafone Romania reports the financial results for fiscal year 2018/2019, ended March 31st, 2019

Vodafone Romania reports the financial results for fiscal year 2018/2019, ended March 31st, 2019

Vodafone Romania has announced the key performance indicators for the year ended March 31st, 2019, as reported today by Vodafone Group Plc.
The Service Revenue is at EUR 715.3 million and continues to grow on an underlying basis. The reported service revenues decreased compared to previous year by 1.1% as a result of MTR reduction from 0.96 eurocents/minute to 0.84 eurocents/minute for mobile voice calls.
On an organic basis excluding regulation, service revenue grew by 0.7% in the year ended at March 31st 2019.
Vodafone Romania had 9,749,664 total customers at March 31st, 2019, which is a growth of 1.1% to the same period of last year. Out of the total number of customers, 8,987,998 were mobile customers.
Vodafone Romania’s mobile ARPU is at Euro 5.9 over the year ended on March 31st, 2019, slightly below last year as a consequence of MTR reduction.
At March 31st, 2019, mobile postpaid customers represented 41.8%, and prepaid customers 58.2% of the total mobile base. The postpaid base users increased by 0.6 percentage points as compared to the same period of last year.
“Despite a very challenging year with increases of the telecommunications operational costs, we’ve been able to offer more benefits like data and roaming to all our customers. The recent certification from P3 as Best mobile network for data is a result of our significant investments in the country on a long term in order to offer Romanians best in class services. We’ve also focused on strengthening company’s performance as top employer branding in the telecom industry and we’ve conducted one of the biggest hiring processes on the market for about 1000 people in the customer operations team, IT and engineer ones. Vodafone continued to drive innovation in Romania by launching the first live NB-IoT network with a country-wide coverage, an important step that consolidates our leadership position on the IoT market and will be able to improve different industrial sectors within the digital economy in the next years.
The year to come will be full of challenges, but also important opportunities for new technologies. Also, we’ll maintain our commitment to continue investing in Romania through acquiring UPC and launch, after the approval from the European Commission, a complete and competitive portfolio of both mobile and fix services”, stated Murielle Lorilloux, CEO Vodafone Romania.

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