Vodafone raises UK savings target: Vodafone stock trades below GBp 132.05 high

Published on 10/18/2026 at 12:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Vodafone grew service revenue 5.4 percent in fiscal 2027's first quarter. Vodafone stock closed at GBp 122.05 on October 16, 2026, below GBp 132.05.

Targets and reporting timeline

VodafoneThree set a GBP 1.0 billion annual savings target on October 8, 2026.
Organic service revenue rose 5.4 percent in the first quarter of fiscal 2027.
Vodafone stock closed at GBp 122.05 on October 16, 2026.
Vodafone will publish half-year results on November 10, 2026.

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Vodafone stock's London-listed shares closed at GBp 122.05 on October 16, 2026, below the GBp 132.05 52-week high. On October 8, Vodafone raised its VodafoneThree annual cost-saving target to GBP 1.0 billion by fiscal 2032, according to Vodafone.

Three milestones reset the case

Vodafone's July 27, 2026 first-quarter update reported a 5.4 percent increase in group organic service revenue and a 4.5 percent increase in organic adjusted EBITDAaL, figures also highlighted on the company's investor page at Vodafone. The update established the operating base for the later VodafoneThree targets.

The October 8 briefing added a target for adjusted EBITDAaL growth at a mid-to-high single-digit compound annual rate from fiscal 2025 to fiscal 2032. Vodafone also said operating free cash flow should more than triple versus fiscal 2025, while the annual savings target moved from GBP 0.7 billion by fiscal 2030 to GBP 1.0 billion by fiscal 2032.

What does the target mean for valuation?

Berenberg raised its Vodafone target to GBp 140 from GBp 123 on October 2, 2026, and kept a Buy rating, as reported by Markets Insider. The target reflects expectations for stronger execution in Germany and Vodacom, but the savings plan still depends on network investment, integration and delivery against long-term targets.

Next reporting date is November 10

Vodafone's next scheduled reporting event is its H1 FY27 results on November 10, 2026, a date listed on the company's investor page. That release should provide the next quantified test of service revenue growth, adjusted EBITDAaL and the integration benefits attached to VodafoneThree.

London valuation stays below yearly high

The London-listed shares closed at GBp 122.05 on October 16, 2026, against a GBp 85.26 to GBp 132.05 52-week range. The closing level was 7.57 percent below the yearly high, leaving the savings target and the next half-year figures as the main measurable reference points.

The further course of trading is shown by the continuously updated real-time quote of Vodafone stock.