BT Group: in demand after better FY earnings outlook
(CercleFinance.com) - The BT Group share is up 6% in London, after tightening up its adjusted EBITDA target range for the 2020-21 financial year, now anticipating 7.
3-to-7.5 billion pounds.
Over the first six months of the year, the UK's incumbent telecoms operator saw its pre-tax profit fall by 20% to 1.06 billion pounds, reflecting a 5% decline in adjusted EBITDA to 3.72 billion pounds.
At just under 10.6 billion pounds, BT Group's revenues fell by 8% with the impact of Covid-19, particularly on BT Sport's revenues, those of its business units, as well as a decline in its historical products.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
3-to-7.5 billion pounds.
Over the first six months of the year, the UK's incumbent telecoms operator saw its pre-tax profit fall by 20% to 1.06 billion pounds, reflecting a 5% decline in adjusted EBITDA to 3.72 billion pounds.
At just under 10.6 billion pounds, BT Group's revenues fell by 8% with the impact of Covid-19, particularly on BT Sport's revenues, those of its business units, as well as a decline in its historical products.
Copyright (c) 2020 CercleFinance.com. All rights reserved.