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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  BT Group plc    BT.A   GB0030913577

BT GROUP PLC

(BT.A)
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BT : 1Q 2021 Revenue, Adjusted Earnings Fell But Beat Expectations

07/31/2020 | 02:40am EST

By Adria Calatayud

BT Group PLC said Friday that revenue and adjusted earnings for the first quarter of fiscal 2021 both fell but by less than expected, as the company issued full-year guidance and said it expects a return to earnings growth beyond this year.

The U.K. telecommunications group said it expects adjusted earnings before interest, taxes, depreciation and amortization--the company's preferred metric, which strips out exceptional and other one-off items--for the year ending March 31, 2021 to be between 7.2 billion and 7.5 billion pounds ($9.30 billion-$9.82 billion). Adjusted revenue for the year is expected to fall between 5% and 6%, the company said.

For the quarter to June 30, BT made a pretax profit of GBP561 million compared with GBP642 million for the year-earlier period.

BT's adjusted Ebitda fell 7.4% to GBP1.81 billion, against expectations of GBP1.75 billion, according to company-provided consensus estimates.

Quarterly revenue fell to GBP5.25 billion from GBP5.63 billion, exceeding consensus expectations of GBP5.16 billion, the company said.

"Despite our strong operational performance in the first three months of the year, it is clear that Covid-19 will continue to impact our business as the full economic consequences unfold," Chief Executive Philip Jansen said.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

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Financials
Sales 2021 21 460 M 28 622 M 28 622 M
Net income 2021 1 480 M 1 973 M 1 973 M
Net Debt 2021 18 787 M 25 057 M 25 057 M
P/E ratio 2021 8,32x
Yield 2021 -
Capitalization 12 327 M 16 461 M 16 441 M
EV / Sales 2021 1,45x
EV / Sales 2022 1,45x
Nbr of Employees 105 300
Free-Float 86,2%
Chart BT GROUP PLC
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BT Group plc Technical Analysis Chart | BT.A | GB0030913577 | MarketScreener
Technical analysis trends BT GROUP PLC
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TrendsBullishBullishBearish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 158,21 GBX
Last Close Price 125,25 GBX
Spread / Highest target 135%
Spread / Average Target 26,3%
Spread / Lowest Target -66,9%
EPS Revisions
Managers
NameTitle
Philip Eric Rene Jansen Chief Executive Officer & Executive Director
Jan Petrus du Plessis Chairman
Simon Jonathan Lowth Chief Financial Officer & Executive Officer
Howard Watson Chief Technology & Information Officer
Iain C. Conn Senior Independent Director
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