Q: Can you please comment on how BCE is progressing with its long term goals.
Also, can you please compare its EBITDA for 2023 to its past history. Are things getting better or worse ? Thank you very much
Also, can you please compare its EBITDA for 2023 to its past history. Are things getting better or worse ? Thank you very much
5i Research Answer:
BCE recently announced large layoffs and significant cost-cutting measures, but it is far too early to guage any success from these yet. In the past decade debt has creeped up (about 75% to $36B) but cash flow has not (only up about 15% in the same period). We would like to see this change. In 2023, EBITDA was $10.8B. In the past decade it has averaged about $9.3B, ranging from $8.5B in 2015 to last year's high. With debt rising fast, we would call it a deterioration.