BT BT Group PLC

   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)

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