Key points for the fourth quarter:
Underlying revenue excluding transit up 1.2%
EBITDA up 2% and earnings per share up 10%
Underlying operating costs excluding transit up 0.5%; down 5% excluding our investments in BT Sport and the non-cash increase in the pensions operating charge
347,000 net fibre connections, up 28%, of which 249,000 are BT retail customers
BT Global Services order intake of £2.2bn, up 13%
Key points for the year:
Underlying revenue excluding transit up 0.5%, reversing decline of 3.1% in prior year and achieving our outlook of an improved trend
EBITDA flat at £6,116m compared with our outlook of £6.0bn-£6.1bn
Normalised free cash flow of £2,450m, up £150m, ahead of our outlook of around £2.3bn
Underlying operating costs down 3% excluding transit, our investments in BT Sport and the non-cash increase in the pensions operating charge
Earnings per share up 7%
Net debt at £7,028m, down £769m
Proposed final dividend of 7.5p, up 15%, giving full year dividend of 10.9p, also up 15%
