BT Report Q1 2007 – Sales Increase for New Wave

With revenue of £5,033 million, up 3 per cent in the first quarter of 2007 the highlight for BT is the 11 per cent increase in new wave revenue to £1,815 million.

Ben Verwaayen, Chief Executive, commenting on the first quarter results, said: “We have got the year off to a strong start with another robust all round performance. Revenue, EBITDA and earnings per share all continue to grow as BT builds on the achievements of last year.

“There is success across the board. BT Retail’s share of the broadband(2) net additions in the quarter was 38 per cent; contract wins in BT Global Services and BT Wholesale were £2 billion; outside the UK we gained more than 100 new customers.
“We are keeping BT ahead of the game by delivering software driven services that will offer faster, more resilient and cost effective services to our customers wherever in the world they are.”

Other highlights:

EBITDA before specific items(1) and leaver costs of £1,425 million, up 3 per cent

Profit before taxation, specific items(1) and leaver costs of £658 million, up 3 per cent

Earnings per share before specific items(1) and leaver costs of 6.0 pence, up 3 per cent, our twenty first consecutive quarter of growth

Broadband net additions(2) of 0.5 million to 11.2 million connections at June 30, 2007
BT Retail’s share of net additions was 38 per cent

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