--Vodafone reported adjusted earnings for fiscal 2021 below consensus forecasts, sending shares lower--Vodafone expects to drive growth in revenue and cash flow in the medium termShares in Vodafone Group PLC fell Tuesday after it reported adjusted earnings for fiscal 2021 that missed analysts' expectations and said it expects to drive returns in the medium term through efficiency and growth in revenue and cash flow.
Vodafone made a pretax profit for the year to March 31 of 4.4 billion euros compared with EUR795 million for fiscal 2020. The company swung to a net profit of EUR112 million from a net loss of EUR920 million a year earlier. Vodafone said it expects adjusted Ebitda to be between EUR15.0 billion and EUR15.4 billion this year, with adjusted free cash flow anticipated to be at least EUR5.2 billion.