ANALYST VIEWS: ARE BT’S PROFITS ENOUGH TO OFFSET ITS FALLING TOP LINE ?

 
Steve Dinneen
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MORTEN SINGLETON | INVESTEC

The cost-cutting story continues to demonstrate further mileage. Total operating costs before specific items down six per cent year on year, highlighting the success of the continued cost efficiency drive.

ROBIN BIENENSTOCK | BERNSTEIN

BT’s top line declines continue to highlight the weaknesses facing the company, while cost cutting to maintain margins can only be a short/mid-term solution without shrinking the scale of the company.

CARL MURDOCK-SMITH | JP MORGAN

Strong revenue performance in Openreach and cost control within BT Retail are financial highlights. Management reiterated its full-year guidance, stating that the results add confidence in delivering the outlook.