BT: share down after FY results
(CercleFinance.com) - BT Group shares are down 8% in London after the UK's incumbent telecoms operator reported adjusted EPS up 8% to 22p for FY 2022-23, while its dividend was flat at 7.
7p per share.
On a pro-forma basis for the sports joint venture, its EBITDA rose 3% to £8bn, on revenues that are up 1% to over £20.4bn, with growth in Openreach and contraction in its other divisions.
For FY 2023-24, BT expects revenue and EBITDA growth on a pro-forma basis, as well as normalised free cash flow of £1bn to £1.2bn, compared to normalised FCF of £1.3bn in the last financial year.
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7p per share.
On a pro-forma basis for the sports joint venture, its EBITDA rose 3% to £8bn, on revenues that are up 1% to over £20.4bn, with growth in Openreach and contraction in its other divisions.
For FY 2023-24, BT expects revenue and EBITDA growth on a pro-forma basis, as well as normalised free cash flow of £1bn to £1.2bn, compared to normalised FCF of £1.3bn in the last financial year.
Copyright (c) 2023 CercleFinance.com. All rights reserved.