BT hits target in Q1, share fall 10%

BT brought in revenues of £5.1 billion (€6.47 billion), up 3% on last year. The news was greeted by a 10% drop in share price.

The telco made earnings before interest, taxation, depreciation and amortisation (EBITDA) of £1.433 billion, up 1% on the same period a year ago.

The company remains confident it will hit revenue targets for the full year, but warned of margin pressure, partly due to currency changes.

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