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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 Beat Overshadowed by Downbeat Guidance -- Earnings Review

07/31/2020 | 08:27am EST

By Adria Calatayud

 

BT Group PLC reported results for the first quarter of fiscal 2021 on Friday. Here's what you need to know:

 

REVENUE: The U.K. telecommunications company generated revenue of 5.25 billion pounds ($6.87 billion), ahead of expectations of GBP5.16 billion, according to a consensus provided by the company. This was lower than the GBP5.63 billion reported for the year-earlier period.

 

ADJUSTED EBITDA: BT's adjusted earnings before interest, taxes, depreciation and amortization--the company's preferred metric, which strips out exceptional and other one-off items--came in at GBP1.81 billion, exceeding a company-provided consensus of GBP1.75 billion. In the same period last year, BT's adjusted Ebitda was GBP1.96 billion.

 

WHAT WE WATCHED:

 

--GUIDANCE: BT surprised analysts by issuing guidance for the year ending March 31, 2021 for the first time. The company said adjusted revenue is expected to fall between 5% and 6%, and adjusted Ebitda is forecast to decline to between GBP7.2 billion and GBP7.5 billion. Current consensus expectations for adjusted Ebitda sit at the top of the range given by the company, prompting analysts at Citi to say BT's outlook was weaker than anticipated. Shares at 1156 GMT traded 3.6% lower at 104 pence.

 

--CORONAVIRUS: BT attributed the first-quarter revenue decline to the effects of the coronavirus pandemic. The company was hit by lower BT Sport revenue and a fall in business activity in its enterprise unit. BT also warned that the pandemic continues to weigh on its consumer division and that it expects a further hit to its enterprise unit in future quarters.

 

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
Sell
Buy
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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