BT's Q3 figures show 24% rise in pre-tax profits to £862m

BT Group has announced a 24% rise in pre-tax profits to £862m in its Q3 results to 31st December 2015. Revenue rose 3% to £4.59bn.

Gavin Patterson, Chief Executive, commenting on the results, said: "This is a strong set of results with good numbers across the board. Revenue was up 4.7% this quarter, our best result for more than seven years. We are making good progress towards our goal of sustainable profitable revenue growth. 

"BT Consumer had a standout quarter, increasing its overall line base for the first time in well over a decade and capturing 71% of new broadband customers. Good customer growth in broadband, TV and mobile helped to grow ARPU by 7%.

"Customers like what we're offering, whether that's superfast broadband, Champions League football or mobile data bundles. BT Global Services also did well with good revenue growth in continental Europe and Asia.

"Fibre is underpinning the growth at Openreach with almost half a million premises taking up the service this quarter via dozens of service providers.

"The fibre market is highly competitive and growing all the time, which is great news for the UK economy.

"Our superfast fibre broadband network is available to well over 24m homes and businesses. We will help take fibre coverage to 95% of the country by the end of 2017, with plans to go even further.

"Our G.fast trials are progressing well."

Following its acquisition of EE, BT also announced a new organisational structure that will take effect from April.

There will be six lines of business. Two will serve consumers, two will focus on businesses and the public sector - one in the UK and Ireland and one globally - and two will provide wholesale services to other industry players.

The Wholesale and Ventures division, which provides wholesale services to more than 1,400 communications providers, will be expanded to include EE's MVNO business as well as some specialist businesses such as Fleet, Payphones and Directories.

Gerry McQuade, currently Chief Sales and Marketing Officer, Business at EE, will be its CEO.

Openreach will be unaffected by the re-organisation.

The six divisions will be supported by Technology, Service and Operations which is currently responsible for BT's 'core' networks in the UK and overseas, its IT platforms and its global Research and Development arm.

Howard Watson takes over as its CEO today, replacing Clive Selley.

A new IT and Mobile business unit within TSO will be led by EE's Fotis Karonis. Fotis will join Howard's leadership team as well as support Marc Allera as EE's CIO.

Patterson added: "We will operate a multi brand strategy with UK customers being able to choose a mix of BT, EE or Plusnet services, depending on which suit them best.

"The acquisition provides us with a chance to refresh our structure and we have done that by creating a major new division that will focus on businesses and the public sector in the UK and Ireland."

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