BT Group PLC Reports First-Quarter Results
BT Group PLC has released its first-quarter results, which show a decline in sales primarily due to weak mobile phone sales and challenging international business.
The company’s pre-tax profit has decreased, mainly attributed to increased net finance costs and depreciation. Key highlights from the results include:
- Decrease in pre-tax profit
- Increase in net finance costs
- Increase in depreciation
Despite the decline in sales and pre-tax profit, BT Group has confirmed its fiscal 2026 guidance, indicating that the company remains on track to meet its targets.
The European telecommunications sector has reacted positively to the company’s results, with BT Group’s share price experiencing a moderate increase.
The company has also announced the appointment of Patricia Cobian as Chief Financial Officer, marking a significant change in the company’s leadership.
Key Statistics
- Sales decline: primarily due to weak mobile phone sales and challenging international business
- Pre-tax profit decrease: mainly attributed to increased net finance costs and depreciation
- Share price increase: moderate increase in response to the company’s results