Revenue for BT Global Services stood at 1.9 billion euro
in Q4 FY11, down 4 percent, against 2 billion euro for the same quarter of
2011. Revenue for BT Retail accounted 1.8 billion in Q4 FY12, down 3 percent,
as compared with 1.9 billion for Q4 FY11.
BT Wholesale’s revenue stood at 958 million in Q4
FY12, down 6 percent, against 1.02 billion for the same quarter of 2011.
The company expects underlying revenue excluding transit
will show an improving trend in 2013 and 2014
Furthermore, the company expects growth in EBITDA in 2013
and 2014. The company is predicting that BT Global Services will deliver solid
EBITDA growth in 2013.
The company is also expecting that BT Global Services operating
cash flow will be lower in 2013 before returning to growth in 2014.
In what remains a challenging environment we have
delivered another year of growth in profits and free cash flow. Our financial
strength has allowed us to invest in the business, make a 2 billion pounds
payment into the pension fund, reward employees and deliver double digit growth
in shareholder returns, said Ian Livingston, chief executive.
While we will be impacted by economic and regulatory
headwinds, we expect to continue to grow profits over the next two years, with
normalized free cash flow growing to above 2.4 billion pounds in 2014. We will
continue to pursue our prudent financial strategy, investing in the long-term
future of the business, supporting the pension scheme, paying down debt and
enhancing shareholder returns,” Livingston added.