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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 : first-quarter revenue and earnings fall 7% on COVID-19 impact

07/31/2020 | 01:33am EST
FILE PHOTO: BT Tower owned by British Telecom is pictured in London

BT, Britain's biggest broadband and mobile operator, reported a 7% drop in both revenue and core earnings in its first quarter after the COVID-19 pandemic impacted its BT Sport television revenue and reduced demand from business customers.

Chief Executive Philip Jansen said BT delivered a strong operating performance in the quarter, when millions relied on its networks for home working and schooling, and produced "relatively resilient" financial results.

He said the company, which pulled its dividend in May to help weather the unfolding health crisis, had enough visibility to provide guidance for the year.

"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," he said.

BT said it now expected to produce adjusted core earnings of between 7.2 billion pounds and 7.5 billion pounds on 5-6% lower revenue for its 2020/21 financial year.

The outlook steers towards the lower end of analysts' expectations. They had on average expected core earnings for the year of about 7.5 billion pounds on revenue down 5.6%, according to a company-compiled consensus.

(Reporting by Paul Sandle; editing by Kate Holton)


© Reuters 2020
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Financials
Sales 2021 21 460 M 28 561 M 28 561 M
Net income 2021 1 480 M 1 969 M 1 969 M
Net Debt 2021 18 713 M 24 906 M 24 906 M
P/E ratio 2021 8,40x
Yield 2021 -
Capitalization 11 939 M 15 913 M 15 889 M
EV / Sales 2021 1,43x
EV / Sales 2022 1,42x
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
Short TermMid-TermLong Term
TrendsBullishBullishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 158,21 GBX
Last Close Price 121,30 GBX
Spread / Highest target 142%
Spread / Average Target 30,4%
Spread / Lowest Target -65,9%
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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