BT Group: stock down after 9m results
(CercleFinance.com) - The BT Group share is down over 5% in London on Thursday, after the group published adjusted EBITDA that is down 3% at 5.
9 billion pounds for the first nine months of its financial year 2019-20, while adjusted revenue fell by 2% to 17.2 billion pounds.
The British telecom operator explains that its adjusted revenues were penalised, "primarily due to ongoing headwinds from regulation, competition and legacy product declines".
With normalised free cash flow (9m) down 42% at 1 billion pounds, BT group expects this "to be in lower half of the £1.9bn - £2.1bn full year guidance range," for calendar reasons.
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9 billion pounds for the first nine months of its financial year 2019-20, while adjusted revenue fell by 2% to 17.2 billion pounds.
The British telecom operator explains that its adjusted revenues were penalised, "primarily due to ongoing headwinds from regulation, competition and legacy product declines".
With normalised free cash flow (9m) down 42% at 1 billion pounds, BT group expects this "to be in lower half of the £1.9bn - £2.1bn full year guidance range," for calendar reasons.
Copyright (c) 2020 CercleFinance.com. All rights reserved.