BT Group: major cuts announced
(CercleFinance.com) - In parallel to a slow 2017/2018, BT Group has a bleak outlook on the 2018/2019 financial year, announcing a strategic plan of cuts, notably axing 13,000 jobs.
The historic British telecoms operator first published its results for the 2017/2018 financial year ending in March, with revenues down 1% to 23.7 billion pounds (-3% in Q4). In terms of adjusted data, EBITDA and operating results settled at 2% but pre-tax results recovered for the year by 11% to 2.6 billion (20.5 pence per share in published data; 27.9 pence in adjusted data).
It will be proposed at the AGM to maintain a global dividend for 2017/2018 of 15.4 pence.
BT Group has a bleak outlook on the 2018/2019 financial year, pointing to revenues—in adjusted data—down by approximately 2% and EBITDA from 7.3 to 7.4 billion, compared to 7.5 billion in 2017/2018.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The historic British telecoms operator first published its results for the 2017/2018 financial year ending in March, with revenues down 1% to 23.7 billion pounds (-3% in Q4). In terms of adjusted data, EBITDA and operating results settled at 2% but pre-tax results recovered for the year by 11% to 2.6 billion (20.5 pence per share in published data; 27.9 pence in adjusted data).
It will be proposed at the AGM to maintain a global dividend for 2017/2018 of 15.4 pence.
BT Group has a bleak outlook on the 2018/2019 financial year, pointing to revenues—in adjusted data—down by approximately 2% and EBITDA from 7.3 to 7.4 billion, compared to 7.5 billion in 2017/2018.
Copyright (c) 2018 CercleFinance.com. All rights reserved.