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April 29, 2021 by 1996-O Executive

BCE reports first quarter 2021 results

BCE New Releases

Full article here

BCE reports first quarter 2021 results

This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled “Caution Regarding Forward-Looking Statements” later in this news release.

  • BCE revenue grows 1.2%, adjusted EBITDA up 0.5%, representing the first quarter of growth since the beginning of the COVID-19 crisis
  • Broadband additions up 51% year over year – 108,468 total combined wireless mobile phone and mobile connected device, retail Internet and IPTV net additions
  • 32,925 postpaid mobile phone net additions, up 31,366; net mobile connected device additions grew 51% to 74,159
  • 21,208 retail Internet net additions with 12% Internet revenue growth; 10,696 IPTV net additions represent first quarter of year-over-year growth since Q1 2019
  • Broadband network acceleration program under way with over $1 billion in capital invested in Q1; on track to reach up to 6.9 million total fibre and WHI connections by year end
  • Strong financial position with $6.5 billion of available liquidity at the end of Q1; cash flows from operating activities up 37.3% to $1,992 million, driving 54% higher year-over-year free cash flow of $940 million
  • Net earnings of $687 million with net earnings attributable to common shareholders of $642 million, or $0.71 per common share; adjusted net earnings of $704 million generated adjusted EPS of $0.78, down 1.3%

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