British multinational telecommunications company BT reported a 3% rise in its first-quarter adjusted earnings late last week, attributing this increase to improved trading across its businesses. This comes after the company reported 1.87 billion pounds ($2.61 billion) in adjusted core earnings on total revenue of 5.07 billion pounds ($7.06 billion).
According to a consensus compiled by the company itself, market analysts forecasted a 5.15 billion pounds revenue for BT, with the company’s core earnings reaching a figure of 1.81 billion pounds.
According to Chief Executive Officer Philip Jansen, these results are in line with the company’s expectations and serve as proof that BT is overcoming the challenging economic conditions posed in markets that are covered by its Global Unit. “With trading conditions expected to see some improvement through the year, we have confirmed our outlook and remain confident that BT is on a path to growth,” Jansen explained.
Over the past operating period, Jansen revealed that the company had installed fiber broadband providing access to over five million premises. BT is aiming to provide fiber connections to 25 million homes by the end of 2026.
