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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Bt Group Plc | LSE:BT.A | London | Ordinary Share | GB0030913577 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.80 | 1.40% | 130.60 | 130.40 | 130.50 | 130.65 | 128.65 | 129.20 | 64,360,378 | 16:35:19 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Phone Comm Ex Radiotelephone | 20.92B | 1.91B | 0.1916 | 6.81 | 12.97B |
From Jun 2019 to Jun 2024
TIDMBT.A
RNS Number : 5652C
BT Group PLC
29 June 2016
29 June 2016
BT PROVIDES REVISED FINANCIAL INFORMATION
REFLECTING ORGANISATIONAL CHANGES
BT Group has today published revised financial information to reflect organisational changes that came into effect on 1 April 2016.
Previously, our six customer-facing lines of business were BT Global Services, BT Business, BT Consumer, EE, BT Wholesale and Openreach (EE Limited(1) having been acquired by the group on 29 January 2016). As announced on 1 February 2016, with effect from 1 April 2016, we've reorganised the group and our customer-facing lines of business are now: Global Services, Business and Public Sector, Consumer, EE, Wholesale and Ventures, and Openreach.
We've brought together EE's business division and parts of BT Global Services' UK corporate and public sector operations with BT Business, to form Business and Public Sector. This move allows Global Services to sharpen its focus on serving multinational companies and major customers outside the UK. And Business and Public Sector is better able to align its resources to improve customer service and delivery, adopting a more regional and forensic approach to serving the UK public sector.
Alongside these changes, EE's MVNO operations and a number of specialist ventures within the group (including Fleet, Redcare, Directories, Payphones, Tikit and Cables) have moved into Wholesale and Ventures. This gives more visibility to the smaller but important enterprises while bringing together the group's wholesale businesses. In addition, EE's technology team is now the mobile technology unit of our internal service unit, Technology, Service and Operations.
At the same time, we've taken steps to simplify our internal trading model, including moving to a cost-recovery model for certain intra-group revenues. Neither the organisational or internal trading changes have any impact on the total group results.
We show the financial impact and restated financial information, prepared on a consistent basis, for the years ended 31 March 2016 and 31 March 2015 in Appendix 1. We'll present our financial results and updated KPI document for the first quarter to 30 June 2016 (which we expect to announce on Thursday 28 July 2016) on this revised basis.
On our website (www.bt.com/results) we'll also provide pro forma historical financial information by line of business under the new organisational structure, prepared as though EE had been part of the group from 1 April 2014. The pro forma historical financial information shows EE's historical results adjusted to reflect BT's accounting policies. In the consolidated group total, we've eliminated historical transactions between BT and EE as though they had been intercompany transactions. We have not made any adjustments to reflect the allocation of the purchase price for EE. All deal and acquisition-related costs have been treated as specific items and therefore don't impact the pro forma.
(1) EE Limited is a wholly-owned subsidiary of BT plc
Enquiries
Press office:
Ross Cook Tel: 020 7356 5369
Investor relations:
Carl Murdock-Smith Tel: 020 7356 4909
About BT
BT's purpose is to use the power of communications to make a better world. It is one of the world's leading providers of communications services and solutions, serving customers in 180 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to its customers for use at home, at work and on the move; broadband, TV and internet products and services; and converged fixed-mobile products and services. BT consists of six customer-facing lines of business: Global Services, Business and Public Sector, Consumer, EE, Wholesale and Ventures, and Openreach.
For the year ended 31 March 2016, BT Group's reported revenue was GBP19,042m with reported profit before taxation of GBP3,029m.
British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York.
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Appendix 1 - impact of restatements for the year ended 31 March 2016(1,2)
GBPm As previously reported - 2015/16 Adjustments Restated - 2015/16
Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY
Global Services
Revenue 1,543 1,559 1,675 1,753 6,530 (347) (347) (368) (365) (1,427) 1,196 1,212 1,307 1,388 5,103
EBITDA 190 216 276 366 1,048 (97) (103) (114) (133) (447) 93 113 162 233 601
Capital
expenditure(3) 86 107 103 119 415 (5) (10) (7) (10) (32) 81 97 96 109 383
================ ====== ====== ====== ====== ======== ====== ====== ====== ====== ======== ====== ====== ====== ====== ========
Business and
Public
Sector
Revenue 749 781 779 821 3,130 241 245 256 422 1,164 990 1,026 1,035 1,243 4,294
EBITDA 240 261 268 307 1,076 57 60 73 148 338 297 321 341 455 1,414
Capital
expenditure(3) 35 37 35 31 138 (5) 1 3 16 15 30 38 38 47 153
================ ====== ====== ====== ====== ======== ====== ====== ====== ====== ======== ====== ====== ====== ====== ========
Consumer
Revenue 1,074 1,127 1,205 1,192 4,598 2 2 3 3 10 1,076 1,129 1,208 1,195 4,608
EBITDA 254 202 270 311 1,037 4 3 4 7 18 258 205 274 318 1,055
Capital
expenditure(3) 52 56 46 52 206 - - - 1 1 52 56 46 53 207
================ ====== ====== ====== ====== ======== ====== ====== ====== ====== ======== ====== ====== ====== ====== ========
EE
Revenue - - - 1,055 1,055 - - - (214) (214) - - - 841 841
EBITDA - - - 261 261 - - - (88) (88) - - - 173 173
Capital
expenditure(3) - - - 111 111 - - - (15) (15) - - - 96 96
================ ====== ====== ====== ====== ======== ====== ====== ====== ====== ======== ====== ====== ====== ====== ========
Wholesale and
Ventures
Revenue 530 520 527 509 2,086 48 55 51 34 188 578 575 578 543 2,274
EBITDA 140 127 135 140 542 45 48 47 73 213 185 175 182 213 755
Capital
expenditure(3) 44 46 41 46 177 12 7 4 9 32 56 53 45 55 209
================ ====== ====== ====== ====== ======== ====== ====== ====== ====== ======== ====== ====== ====== ====== ========
Openreach
Revenue 1,249 1,267 1,294 1,290 5,100 - - - - - 1,249 1,267 1,294 1,290 5,100
EBITDA 639 648 677 700 2,664 (1) (2) - (2) (5) 638 646 677 698 2,659
Capital
expenditure(3) 402 348 321 376 1,447 - - - - - 402 348 321 376 1,447
================ ====== ====== ====== ====== ======== ====== ====== ====== ====== ======== ====== ====== ====== ====== ========
Other
Revenue 16 19 21 17 73 (13) (19) (17) (13) (62) 3 - 4 4 11
EBITDA (14) (12) (13) (9) (48) (8) (6) (10) (5) (29) (22) (18) (23) (14) (77)
Capital
expenditure(3) 39 35 41 41 156 (2) 2 - (1) (1) 37 37 41 40 155
================ ====== ====== ====== ====== ======== ====== ====== ====== ====== ======== ====== ====== ====== ====== ========
Intra-group
items
Revenue (883) (892) (907) (981) (3,663) 69 64 75 133 341 (814) (828) (832) (848) (3,322)
================ ====== ====== ====== ====== ======== ====== ====== ====== ====== ======== ====== ====== ====== ====== ========
TOTAL
Revenue 4,278 4,381 4,594 5,656 18,909 - - - - - 4,278 4,381 4,594 5,656 18,909
EBITDA 1,449 1,442 1,613 2,076 6,580 - - - - - 1,449 1,442 1,613 2,076 6,580
Capital
expenditure(3) 658 629 587 776 2,650 - - - - - 658 629 587 776 2,650
================ ====== ====== ====== ====== ======== ====== ====== ====== ====== ======== ====== ====== ====== ====== ========
(1) Before specific items
(2) EE reflects results for the period from acquisition on 29 January to 31 March 2016
(3) Before purchases of telecommunications licences
Appendix 1 - impact of restatements for the year ended 31 March 2015(1,2)
GBPm As previously reported - 2014/15 Adjustments Restated - 2014/15
Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY
Global Services
Revenue 1,647 1,649 1,694 1,789 6,779 (394) (376) (369) (411) (1,550) 1,253 1,273 1,325 1,378 5,229
EBITDA 213 226 261 347 1,047 (135) (116) (118) (135) (504) 78 110 143 212 543
Capital
expenditure(3) 106 116 121 125 468 (9) (18) (15) (12) (54) 97 98 106 113 414
================ ====== ====== ====== ====== ======== ====== ====== ====== ====== ======== ====== ====== ====== ====== ========
Business and
Public Sector
Revenue 762 789 789 805 3,145 291 260 258 293 1,102 1,053 1,049 1,047 1,098 4,247
EBITDA 240 258 266 277 1,041 103 73 76 87 339 343 331 342 364 1,380
Capital
expenditure(3) 24 32 42 89 187 6 13 (1) (45) (27) 30 45 41 44 160
================ ====== ====== ====== ====== ======== ====== ====== ====== ====== ======== ====== ====== ====== ====== ========
Consumer
Revenue 1,046 1,056 1,083 1,100 4,285 2 1 3 2 8 1,048 1,057 1,086 1,102 4,293
EBITDA 238 225 251 317 1,031 3 3 4 3 13 241 228 255 320 1,044
Capital
expenditure(3) 39 52 47 69 207 - - - - - 39 52 47 69 207
================ ====== ====== ====== ====== ======== ====== ====== ====== ====== ======== ====== ====== ====== ====== ========
EE
Revenue - - - - - - - - - - - - - - -
EBITDA - - - - - - - - - - - - - - -
Capital
expenditure(3) - - - - - - - - - - - - - - -
================ ====== ====== ====== ====== ======== ====== ====== ====== ====== ======== ====== ====== ====== ====== ========
Wholesale and
Ventures
Revenue 525 529 532 571 2,157 48 50 50 56 204 573 579 582 627 2,361
EBITDA 126 125 136 174 561 35 47 50 53 185 161 172 186 227 746
Capital
expenditure(3) 53 53 49 55 210 3 5 18 58 84 56 58 67 113 294
================ ====== ====== ====== ====== ======== ====== ====== ====== ====== ======== ====== ====== ====== ====== ========
Openreach
Revenue 1,245 1,245 1,255 1,266 5,011 - - - - - 1,245 1,245 1,255 1,266 5,011
EBITDA 624 627 651 698 2,600 - (2) - (1) (3) 624 625 651 697 2,597
Capital
expenditure(3) 258 246 300 278 1,082 - - - - - 258 246 300 278 1,082
================ ====== ====== ====== ====== ======== ====== ====== ====== ====== ======== ====== ====== ====== ====== ========
Other
Revenue 19 16 20 18 73 (14) (13) (15) (16) (58) 5 3 5 2 15
EBITDA (6) (11) 2 6 (9) (6) (5) (12) (7) (30) (12) (16) (10) (1) (39)
Capital
expenditure(3) 36 34 40 62 172 - - (2) (1) (3) 36 34 38 61 169
================ ====== ====== ====== ====== ======== ====== ====== ====== ====== ======== ====== ====== ====== ====== ========
Intra-group
items
Revenue (890) (901) (898) (910) (3,599) 67 78 73 76 294 (823) (823) (825) (834) (3,305)
================ ====== ====== ====== ====== ======== ====== ====== ====== ====== ======== ====== ====== ====== ====== ========
TOTAL -
Revenue 4,354 4,383 4,475 4,639 17,851 - - - - - 4,354 4,383 4,475 4,639 17,851
EBITDA 1,435 1,450 1,567 1,819 6,271 - - - - - 1,435 1,450 1,567 1,819 6,271
Capital
expenditure(3) 516 533 599 678 2,326 - - - - - 516 533 599 678 2,326
================ ====== ====== ====== ====== ======== ====== ====== ====== ====== ======== ====== ====== ====== ====== ========
(1) Before specific items
(2) EE reflects results for the period from acquisition on 29 January to 31 March 2016
(3) Before purchases of telecommunications licences
This information is provided by RNS
The company news service from the London Stock Exchange
END
UPDUWRRRNOANUUR
(END) Dow Jones Newswires
June 29, 2016 03:00 ET (07:00 GMT)
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