Vodafone 1998 Annual Report Download - page 5

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Annual Report and Accounts 1998 - Company Review - Statement by the Chairman
in retailing will further strengthen the Board.
As you will have appreciated, 1997/98 was an exceptionally busy year for Vodafone in a highly
competitive worldwide marketplace. The Group is well placed to meet the challenges of the future, but
neither the results of the past year, nor the realisation of the aims and ambitions for the years ahead,
would have been or will be achieved without the considerable efforts and contribution of all the Group's
staff. I am sure you would wish me to record our thanks and appreciation for their achievements in the
last financial year.
The success of the Group's strategy, to concentrate on the provision of mobile telecommunications
services worldwide, is well demonstrated by the results for 1997/98. Demand for mobile telephony is
expected to continue to increase and the Group's strong financial base will enable further progress to be
made in 1998/99. A strong market position in the UK and an extensive international presence put
Vodafone in an excellent position to continue to deliver sustained growth and increased shareholder
value. Chris Gent, with the support of an excellent management team, will continue to develop the
businesses and I have every confidence that, with your continued support, Vodafone will prosper still
further.
http://www.vodafone.com/download/investor/reports/annual98/companyreview/chasta.html (3 of 3)29/03/2007 23:04:59