Telecom Lead Europe:
BT Group has posted consolidated revenues of 4.48 billion euro for the first
quarter ended 30 June 2012, down 6 percent, as compared to 4.76 billion euro
for the same quarter a year ago.
The group posted Capex of 622 million euro, increased 7 percent,
as compared to 582 million for Q1 FY11.
BT’s profit before tax recorded at 578 million euro, up 8
percent, as compared to 533 million euro for the same quarter a year earlier.
Revenues for BT Global services stood at 1.73 billion euro
in Q1 FY12, plunged 9 percent, as compared to 1.9 billion euro for the
year-earlier quarter.
The company said that growth of BT Global Services was
impacted by the tough conditions in Europe and the financial services sector.
On the other hand, BT retail posted revenues of 1.77 billion
euro, down 3 percent, against 1.83 billion euro for the quarter a year earlier.
Revenues for BT wholesale plunged 8 percent at 923 million
euro, as compared to 1 billion euro for the year earlier quarter.
Openreach posted revenues of 1.25 billion euro for the first
quarter of 2012.
EBITDA stood at 1.46 billion euro for the Q1 FY12, up 2
percent, as compared to 1.43 billion for the same quarter a year ago.
“We have delivered another quarter of profit growth and the
11th consecutive quarter of double-digit earnings per share growth,
although our quarterly cash flow was impacted by the timing of working capital
movements,” said Ian Livingston, chief executive.
The company said that its engineers are rolling out fibre at
pace bringing fibre broadband to over 2m more homes and businesses in the
quarter and it’s now available to over 11m premises.
“Our investment plans are creating around 2,000 jobs in 2012
by recruiting engineers to support our fibre plans and opening four new UK call
centres. We continue to make good progress with our investments in the faster
growing economies,” Livingston added.
