BT Reports Q3

Reports fiscal Q3 revenue of £5.15B, up 1% year on year

February 7, 2008

1 Min Read

LONDON -- THIRD QUARTER HIGHLIGHTS

  • Revenue of £5,154 million, up 1 per cent

  • New wave revenue of £2,014 million, up 7 per cent

  • EBITDA before specific items (1) and leaver costs of £1,469 million, up 2 per cent

  • Global Services EBITDA (2) margin increases to 10.9 per cent

  • Profit before taxation, specific items1 and leaver costs of £601 million, down 7 per cent

  • Profit after taxation, before specific items (1) and leaver costs of £475 million, down 2 per cent

  • Earnings per share before specific items (1) and leaver costs of 5.9 pence, up 2 per cent

  • Continued strong broadband net additions (3) of 511,000 of which BT's retail share was 35 per cent



The income statement, cash flow statement and balance sheet from which thisinformation is extracted are set out on pages 17 to 23.

Chief Executive's statement

Ben Verwaayen, Chief Executive, commenting on the third quarter results, said:

"This has been another solid performance. We have delivered our twenty thirdconsecutive quarter of year on year earnings per share (2) growth.

BT Global Services has shifted up a gear, delivering real growth inEBITDA (2) margins. We won total contracts worth £1.9 billion in the quarter, andrevenues outside of the UK grew by 22 per cent.

We remain the UK's number one retail broadband provider with 35 per cent of theinstalled DSL and LLU base, and BT Vision customers more than doubled in thequarter.

We expect continued growth in revenue, EBITDA (2), earnings per share (2) anddividends, and a significant free cash inflow in the fourth quarter."

(1) Specific items are significant one off or unusual items as defined in note 4 on pages 27 to 28.
(2) Before specific items and leaver costs.
(3) DSL and LLU connections.

BT Group plc (NYSE: BT; London: BTA)

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