BT Group plc announced group earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, on reported basis, the company reported revenue of GBP 6,128 million against GBP 4,630 million a year ago. EBITDA was GBP 1,624 million against GBP 1,574 million a year ago. Operating profit was GBP 729 million against GBP 981 million a year ago. Profit before tax was GBP 526 million against GBP 832 million a year ago. Earnings per share were 3.8 pence against 9.2 pence a year ago. Capital expenditure was GBP 852 million against GBP 580 million a year ago. Normalized free cash flow was GBP 606 million against GBP 904 million a year ago. On adjusted basis, the company reported revenue of GBP 6,126 million against GBP 4,587 million a year ago. EBITDA was GBP 1,870 million against GBP 1,584 million a year ago. Operating profit was GBP 975 million against GBP 991 million a year ago. Profit before tax was GBP 826 million against GBP 898 million a year ago. Earnings per share were 6.6 pence against 8.7 pence a year ago.

For the nine months, on reported basis, the company reported revenue of GBP 17,940 million against GBP 13,442 million a year ago. EBITDA was GBP 5,148 million against GBP 4,408 million a year ago. Operating profit was GBP 2,529 million against GBP 2,564 million a year ago. Profit before tax was GBP 1,914 million against GBP 2,062 million a year ago. Earnings per share were 15.4 pence against 21.0 pence a year ago. Capital expenditure was GBP 2,432 million against GBP 1,862 million a year ago. Normalized free cash flow was GBP 1,948 million against GBP 1,579 million a year ago. On adjusted basis, the company reported revenue of GBP 17,954 million against GBP 13,239 million a year ago. EBITDA was GBP 5,576 million against GBP 4,431 million a year ago. Operating profit was GBP 2,957 million against GBP 2,587 million a year ago. Profit before tax was GBP 2,501 million against GBP 2,254 million a year ago. Earnings per share were 20.4 pence against 21.8 pence a year ago. Net debt was GBP 8,981 million as on December 31, 2016. Net cash inflow from operating activities was GBP 1,515 million.

For the fiscal 2017, the company expects underlying revenue broadly flat, EBITDA of GBP 7.6 billion, normalized free cash flow of GBP 2.5 billion. For the year fiscal year 2018, the company expects underlying revenue broadly flat, EBITDA broadly flat, normalized free cash flow of GBP 3.0 billion - GBP 3.2 billion.