This morning we shared our full year results for FY22, showing our progress towards a stronger, leaner and more modern BT.
Headlines
We’re on track, despite the tough market conditions.
While revenue was down, we’re growing EBITDA thanks to our modernisation programmes.
We’re delivering for our customers with improved NPS scores across the board.
We’re reinstating our dividend, as promised.
We’re continuing to invest for the future with our FTTP build which has now passed 7.2m premises, and our 5G coverage, now more than 50% of the UK population, streets ahead of our nearest competitor.
We’ve finalised the BT Sport joint venture with Warner Bros. Discovery, creating a really compelling combined sports offer for our customers.
We’ve also strengthened our strategic partnership with Sky, by extending our reciprocal channel supply deal into the next decade. And, following successful trials, Openreach and Sky have agreed to allow Sky engineers to complete the majority of home installations of full-fibre for their customers. These deals strengthen our strategic relationship with Sky and benefit all of our customers.
We’ve reconfirmed our FY23 outlook of revenue growth and at least £7.9 billion EBITDA.
Reflecting on our performance this year
As you will have seen, we did not return to revenue growth this year and every choice we now make is critical. Unfortunately, that means we’ve had to make the difficult decision not to award free BT Group shares, this year, through yourshare.
Looking to our future
With our simpler brand approach, targeted revenue growth plans and continued focus on costs, I’m confident we’re starting this year with the right plan.
You really do love yourself don't you. You call me a an "illiterate, bullying worker" yet you know nothing of me or what I do. Some of the comments made by you to other members on of this forum are without doubt bullying. As for threatening, your not worth it, stick to posting your insults and being the forum fool.
There are a lot of new recruits leaving within the first few months after finding that when they do go into the queues they find themselves working hours past their finish time and being pressured by managers to take on more work than they can handle, there is also the matter of them having to give up to two hours travel per day. With regard to TETRA the new climbing system this is a one man system and does not require any "buddy time" and I have come across many examples of engineers with less than a years experience and basic skills having new recruits with them. Overall things do seem to be going in the right direction however the recent comments by Janson have a lot of people worried, new and old.