Interim results.
RESULTS FOR THE SECOND QUARTER AND HALF YEAR TO 30 SEPTEMBER 2009
Key points for the second quarter:
* Revenue1 of GBP5,122m, down 3%, or 6% excluding foreign exchange movements and
acquisitions
* Adjusted EBITDA1 of GBP1,436m, up 2% reflecting progress in all lines of
business
* Continued improvement in BT Global Services with adjusted EBITDA1 of GBP95m, up
53% on the first quarter
* Adjusted earnings per share1 of 4.5p, down 8%, reported earnings per share of
5.5p, up 12%
* Free cash flow of GBP705m, up GBP336m including a tax repayment and associated
interest of GBP226m
* Net debt4 reduced to GBP9.9bn
* Total underlying costs2 down GBP932m in the half year
* Interim dividend of 2.3p per share