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    BT.A   GB0030913577

BT GROUP PLC

(BT.A)
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BT : Trading update results for the three months to 30 June 2021

07/29/2021 | 02:07am EDT

Philip Jansen, Chief Executive, commenting on the results, said

Our operational performance remained strong and our EBITDA grew during the first three months of the year, reflecting improved trading across most of our business and the positive benefits of our plans to modernise BT. Our results were overall in line with our expectations during the quarter, with good performance in the UK offsetting challenging conditions in Global's markets.

We're powering ahead with our network build programmes: Openreach has now built full fibre broadband to more than 5m premises with growing customer demand; EE has set out plans for 5G on demand anywhere in the UK by 2028. We've also reached a partnership agreement with our largest trade union, the CWU1 , allowing us to keep our modernisation plans on track.

We continue to invest in new strategic growth areas and have also today announced a strengthened strategic partnership with Microsoft that will see us accelerate co-innovation across all areas of our business, including enterprise voice and cyber security, supporting our growth strategy.

With trading conditions expected to see some improvement through the year, we have confirmed our outlook and remain confident that BT is on a path to growth.

Disclaimer

BT Group plc published this content on 29 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2021 06:06:14 UTC.


ę Publicnow 2021
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Financials
Sales 2022 21 102 M 28 930 M 28 930 M
Net income 2022 1 639 M 2 248 M 2 248 M
Net Debt 2022 18 390 M 25 212 M 25 212 M
P/E ratio 2022 9,41x
Yield 2022 4,60%
Capitalization 15 701 M 21 463 M 21 526 M
EV / Sales 2022 1,62x
EV / Sales 2023 1,64x
Nbr of Employees 99 700
Free-Float 74,2%
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BT Group plc Technical Analysis Chart | BT.A | GB0030913577 | MarketScreener
Technical analysis trends BT GROUP PLC
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 158,45 GBX
Average target price 198,36 GBX
Spread / Average Target 25,2%
EPS Revisions
Managers and Directors
Philip Eric Rene Jansen Chief Executive Officer & Executive Director
Simon Jonathan Lowth Chief Financial Officer & Executive Officer
Ulrica Fearn Group Finance Director
Jan Petrus du Plessis Chairman
Howard Watson Chief Technology Officer
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