Javier Borrachero Kieselack's questions to Vodafone Group PLC (VOD) leadership • Q1 2026
Question
Javier Borrachero Kieselack from Kepler Cheuvreux asked about future shareholder remuneration, specifically the potential for extending the share buyback program. He also inquired about Vodafone's satisfaction with its current asset footprint and the possibility of further disposals.
Answer
Group CFO Luka Mucic stated that the company is executing its capital allocation framework, and after satisfying investment needs and leverage targets, it has retained strategic flexibility. He noted that decisions on additional returns would be made later if excess capital is available. He confirmed the increasing stake of their strategic investor has no bearing on capital allocation choices. On the asset portfolio, he highlighted recent value creation from transactions and said the team will continue to look for opportunities, though nothing is imminent.