BT Group plc (BT.L) today announced its results for the fourth quarter and year to 31 March 2013.
Fourth quarter and full year results:
|
|
|
Fourth quarter to 31 March 2013 |
Year to 31 March 2013 |
||
|
|
|
£m |
Change |
£m |
Change |
|
Revenue1 |
|
4,785 |
(2)% |
18,253 |
(5)% |
|
Underlying revenue excluding transit |
|
0% |
|
(3)% |
|
|
EBITDA1 |
|
1,673 |
4% |
6,181 |
2% |
|
Profit before tax |
- adjusted1 |
833 |
21% |
2,694 |
11% |
|
|
- reported |
687 |
(5)% |
2,501 |
2% |
|
Earnings per share |
- adjusted1 |
8.3p |
22% |
26.6p |
12% |
|
|
- reported |
7.5p |
(7)% |
26.7p |
3% |
|
Normalised free cash flow2 |
|
1,301 |
£392m |
2,300 |
£(7)m |
|
Net debt |
|
|
|
7,797 |
£(1,285)m |
|
Full year proposed dividend |
|
|
9.5p |
14% |
Ian Livingston, Chief Executive, commenting on the results, said:
"We are doing what we said we would do. In an environment where it is easier to focus only on the short-term, we are investing in our future and delivering growth in profits and dividends. We are driving fibre across the UK, launching high quality sports channels, investing in the high-growth regions of the world and will use our wi-fi capabilities and 4G spectrum to make sure our customers will be the best connected. We have created around 3,000 new jobs in the UK over the last year to support these investments.
"Our focus on improving efficiency across the business will allow us to continue to deliver strong financial results whilst making these investments. Our good performance this year is reflected in our dividend which is up 14% for the year.
