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Financial reporting

The information included on this page represents our financial guidance for 2018 which is in accordance with IFRS 15 accounting standards.

Please read our caution concerning forward-looking statements when using this information.

BCE's 2018 financial guidance


May 3November 1
Revenue growth 2% to 4% On track
Adjusted EBITDA growth 2% to 4% On track
Capital intensity Approx. 17% On track
Adjusted EPS (1) $3.45 to $3.55 On track
Free cash flow (2) $3,525M to $3,650M On track

(1) Net earnings attributable to common shareholders before severance, acquisition and other costs, net mark-to-market losses (gains) on derivatives used to economically hedge equity settled share-based compensation plans, net losses (gains) on investments, early debt redemption costs and impairment charges, per BCE common share.

(2) Cash flows from operating activities, excluding acquisition and other costs paid (which include significant litigation costs) and voluntary pension funding, less capital expenditures, preferred share dividends and dividends paid by subsidiaries to non-controlling interest.

For additional details and explanations, please see BCE’s news release dated November 1, 2018.

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