As expected, Q3 revenues and EBITDA were down by 5%, a less pronounced fall than in H1 but lockdown restrictions in Q4 are expected to impact the trading performance further with almost the entire retail estate closed in addition to all pubs and clubs.
BT’s stock probably reached its nadir in November. It has recovered by c.35% since November but is still down by 20% yoy. BT must now stabilise its revenues, which won’t be possible for 2020/21 given the context.
04 Feb 2021
Q4 will still be tough pending a revenue stabilisation in 2021-22
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Q4 will still be tough pending a revenue stabilisation in 2021-22
BT Group plc (BT.A:LON) | 105 -0.6 (-0.6%) | Mkt Cap: 10,480m
- Published:
04 Feb 2021 -
Author:
Jean-Michel Salvador -
Pages:
3
As expected, Q3 revenues and EBITDA were down by 5%, a less pronounced fall than in H1 but lockdown restrictions in Q4 are expected to impact the trading performance further with almost the entire retail estate closed in addition to all pubs and clubs.
BT’s stock probably reached its nadir in November. It has recovered by c.35% since November but is still down by 20% yoy. BT must now stabilise its revenues, which won’t be possible for 2020/21 given the context.