16 May 2024
-
Fourth quarter and year to 31 March 2024
Allison Kirkby, Chief Executive, commenting on the results, said
“BT Group built and connected customers to our next generation networks at record speed and efficiency over the past year, while continuing to grow revenue and EBITDA. Having passed peak capex on our full fibre broadband rollout and achieved our £3 billion cost and service transformation programme a year ahead of schedule, we’ve now reached the inflection point on our long-term strategy.
“This delivery and greater capex efficiency gives us the confidence to provide new guidance for significantly increased short term cash flow and sets out a path to more than double our normalised free cash flow over the next five years. This enhanced cash flow allows us to increase our dividend for FY24 by 3.9% to 8.0 pence per share. We’re also setting a further £3bn of gross annualised cost savings to be reached by the end of FY29.
"As we move into the next phase of BT Group's transformation, we are sharpening our focus to be better for our customers and the country, by accelerating the modernisation of our operations, and by exploring options to optimise our global business. This will create a simpler BT Group, fully focused on connecting the UK, and well positioned to generate significant growth for all our stakeholders.”
-
Results for the full year to 31 March 2024
pdf - 526 KB
-
BT Group plc - H2 FY24 presentation slides
pdf - 569 KB
-
BT Group plc - H2 FY24 KPIs
pdf - 423 KB
-
BT Group plc - H2 FY24 KPIs
xlsx - 86 KB
BT Group's results presentation for the full year ending 31 March 2024, with Allison Kirkby, Chief Executive and Simon Lowth, Chief Financial Officer took place on Thursday, 16 May 2024.
-
BT Group plc - H2 FY24 webcast transcript
pdf - 235 KB
-
Results for the full year to 31 March 2024
-
Third quarter to 31 December 2023
1 February 2024
Allison Kirkby, Chief Executive, commenting on the results, said
"BT Group has delivered another quarter of revenue and EBITDA growth, while rapidly building and upgrading customers to our full-fibre broadband and 5G networks, and we continue to be on track to achieve our financial outlook for the year.
"We are providing great digital connectivity and services, while laying the foundations for future growth that will benefit our customers, investors and the UK. As I assume the role of Chief Executive, we remain committed to our purpose and our strategic focus, and I am looking forward to leading BT Group into its next phase of development."
Trading update for the nine months to 31 December 2023
-
Half year to 30 September 2023
2 November 2023
Philip Jansen, Chief Executive, commenting on the results, said
“These results show that BT Group is delivering and on target: we’re rapidly building and connecting customers to our next generation networks, we’re simplifying our products and services, and we’re now seeing predictable and consistent revenue and EBITDA growth.
“We’ve strengthened our competitive position with the launch of both New EE and our renewed strategy in Business, and Openreach has now built full fibre broadband to more than a third of the UK's homes and businesses with a growing connection rate. Our transformation programme has now delivered £2.5bn in annualised savings, well on track to meet our £3bn savings target by FY25.
“Our delivery in the first half means we are confirming our financial outlook for FY24 with normalised free cash flow now expected towards the top end of the guidance range, and we are declaring an interim dividend of 2.31 pence per share. BT Group has a bright future and I’m pleased to be handing the baton to Allison Kirkby early in the new year. She knows the sector, she knows the company and she’s the right person to lead BT Group from this position of operational strength.”
-
Results for the half year to 30 September 2023
pdf - 536 KB
-
BT Group plc - H1 FY24 KPIs
pdf - 369 KB
-
BT Group plc - H1 FY24 KPIs
xlsx - 82 KB
BT Group's results presentation for the half year ending 30 September 2023, with Philip Jansen, Chief Executive and Simon Lowth, Chief Financial Officer.
-
BT Group - H1 FY24 webcast slides
pdf - 336 KB
-
BT Group - H1 FY24 webcast transcript
pdf - 160 KB
-
Results for the half year to 30 September 2023
-
First quarter to 30 June 2023
27 July 2023
Philip Jansen, Chief Executive, commenting on the results, said
“We’ve made a strong start to the year, in what remains a very competitive market, with improved customer satisfaction, pro forma revenue growth in all of our business units and pro forma group EBITDA up by 5%. Openreach is now 44% of the way through its full fibre build, and customer demand has continued to grow with a total network take-up rate of 32%. Consumer is seeing solid pro forma growth driven by pricing and mix, as customers choose higher performance connections; and Business grew its order book, driving revenue growth for the combined unit. We continue to drive transformation across the group, and while there remains much to do it’s clear that our strategy is working and BT Group is set up for success.”
Trading update for the three months to 30 June 2023
-
