Stock up by 5% following the Q2 release.
The market welcomes indeed the return of dividends and the effective deployment of BT’s ultrafast fibre network. Moreover, the group has hit its £1bn cost savings target 18 months early and now brings forward its 2024/25 target for £2bn of savings to 2023/24 with further savings in 2024/25.
Here is the rub: the sales recovery is still not there. We maintain therefore our opinion at Add on the stock.
04 Nov 2021
BT deploys fibre in the UK but sales recovery is not here
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BT deploys fibre in the UK but sales recovery is not here
BT Group plc (BT.A:LON) | 109 0.1 0.1% | Mkt Cap: 10,887m
- Published:
04 Nov 2021 -
Author:
Jean-Michel Salvador -
Pages:
3
Stock up by 5% following the Q2 release.
The market welcomes indeed the return of dividends and the effective deployment of BT’s ultrafast fibre network. Moreover, the group has hit its £1bn cost savings target 18 months early and now brings forward its 2024/25 target for £2bn of savings to 2023/24 with further savings in 2024/25.
Here is the rub: the sales recovery is still not there. We maintain therefore our opinion at Add on the stock.