Financial Results
published on Feb 01, 2016
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Report Overview:
Report Outline:
BT Group has announced results for for BT Global Services for Q3 FY 2016, the period ending December 31, 2015:
- Revenues were £1,675m, down 1.1% year-over-year (y/y)
- EBITDA was £276m, a margin of 16.5%, up 69 bps y/y
- Operating profit was £159m, a margin of 9.5%, up 200 bps y/y.
Q3 FY 2016 revenue in the major regions (and y/y revenue growth) is:
- U.K: £699m (+2.3%)
- Continental Europe: £526m (-4.2%)
- U.S. and Canada: £216m (-6.5%)
- AsiaPac, Latam & MEA £234m (+1.3%).
New orders secured in this quarter were £1,666m, down 19% from £2,051m in the prior year quarter.
During the results BT also announced a new structure for the group after the acquisition of EE. A new division, Business and Public Sector, will include BT GS's U.K. operations and EE's business division to be ~$5bn in revenues. The global services division will remain with a more international focus.