BT Ireland underlying revenue increase by 6pc
BT Ireland reported a 6pc rises in underlying turnover in the quarter to the end of June, driven in part by hardware sales and call volumes in Ireland.
The company said that success in the Republic of Ireland was driven by a significant increase in business sales orders, driven by a number of multi-million euro deals with large global multinational firms.
Foreign exchange movements had a £10m negative impact on BT Ireland revenue. Its underlying revenue growth was attributable to “growth in fibre broadband in Northern Ireland and in hardware sales and call volumes in the Republic of Ireland”.
It added that BT Sport average daily audience figures increased by 51pc.
BT Corporate UK and Ireland managing director Colm O’Neill said: “Today’s results signal a strong start to the year for our all-island operation with both revenue and profit growth in a very competitive market.
“In the Republic of Ireland, we’ve seen significant growth in our business sales revenue as Ireland’s expanding MNC market continues to seek out BT’s unique global networking capability.
He added: “In Northern Ireland the fibre broadband market continues to grow steadily with around 220,000 homes and businesses now enjoying high speed fibre broadband access.”
At group level, BT Group posted first-quarter revenue and core earnings in line with forecasts this morning. Revenue came in at £4.3bn, meeting forecasts and flat on an underlying basis, although improving on the fourth quarter when it fell by 1.3pc.