BT Group Sees GBP700 Million Boost to Fiscal Year 2020 Adjusted Ebitda Under IFRS 16
03 7월 2019 - 9:49PM
Dow Jones News
By Ian Walker
BT Group PLC (BT.A.LN) said Wednesday that it expects new
accounting standards to boost fiscal 2020 adjusted Ebitda by 700
million pounds ($881 million), but not to have an impact on either
revenue or cash flow.
The telecoms operator said adjusted earnings before interest,
taxes, depreciation and amortization for the year ending March 31,
2020 is expected to be GBP7.9 billion to GBP8.0 billion, compared
with expectations under previous accounting standards of GBP7.2
billion to GBP7.3 billion.
Adjusted revenue is still expected to be down about 2% from
GBP23.5 billion reported for fiscal 2019.
BT added that cash flow for fiscal 2020 remains at GBP1.9
billion to GBP2.1 billion.
Shares at 1210 GMT were up 2.46 pence, or 1.3%, at 199.46
pence.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
July 03, 2019 08:34 ET (12:34 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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