15% rise in pretax profit and increased revenue

  • BT Group reports 15% rise in pretax profit for 9 months
  • Higher revenue driven by price increases and fibre-enabled product sales
  • Adjusted EBITDA reaches GBP6.12 billion
  • Revenue rises to GBP15.8 billion
  • BT Group backs its financial guidance for the year

BT Group has reported a 15% rise in pretax profit for the nine months ended December 31, driven by higher revenue from price increases and fibre-enabled product sales. The company’s adjusted EBITDA reached GBP6.12 billion, while revenue rose to GBP15.8 billion. BT Group has backed its financial guidance for the year, with revenue consensus for fiscal 2024 projected at GBP20.80 billion and adjusted EBITDA at GBP8.15 billion. Chief Executive Allison Kirkby expressed satisfaction with the company’s growth and progress in building and upgrading customers to full-fibre broadband and 5G networks.

Public Companies: BT Group (BT)
Private Companies:
Key People: Najat Kantouar (), Allison Kirkby (Chief Executive)

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Factuality Level: 8
Justification: The article provides specific financial figures and quotes from the Chief Executive, which adds credibility to the information. However, it is important to note that this is a brief news article and does not provide extensive analysis or context.

Noise Level: 7
Justification: The article provides information on BT Group’s financial performance, including a rise in pretax profit and higher revenue. However, it lacks in-depth analysis, evidence, or actionable insights. It mainly focuses on the company’s financial figures without exploring the consequences of these results or providing a broader context.

Financial Relevance: Yes
Financial Markets Impacted: The financial markets that may be impacted by this news article are the telecommunications industry and companies within the industry, such as BT Group.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: This news article pertains to the financial performance and guidance of BT Group, a telecommunications company. It does not describe any extreme events or their impacts.

Reported publicly: www.marketwatch.com