Vodacom Group announced its ambition to accelerate earnings before interest, tax, depreciation and amortization (EBITDA) growth into double digits over the next five years, upgrading from the previous target of high single-digit growth. The company is hosting an investor briefing to discuss its Vision 2030 strategy, which outlines its plans for the next five years. Vodacom's shares have experienced a recent upswing, adding 28% over the past year, after a significant decline between April 2022 and April 2024.
said on Wednesday that it hoping to accelerate its earnings growth over the next five years – and is telling investors to expect an improved performance in the second half of this decade.
“As part of this strategy, Vodacom will communicate an ambition to accelerate group Ebitda growth into double digits,” it said, referring to earnings before interest, tax, depreciation and amortisation – a measure of operating profitability and a keenly watched financial metric in the telecommunications sector.
Vodacom Earnings Growth EBITDA Vision 2030 Investor Briefing
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