The information included on this page represents our financial guidance targets for 2019, which have been prepared in accordance with IFRS 16 accounting standards.
Please read our caution concerning forward-looking statements when using this information.
BCE's 2019 financial guidance
|February 7||October 31|
|Revenue growth||1% to 3%||On track|
|Adjusted EBITDA growth||5% to 7%||On track|
|Capital intensity||Approx. 16.5%||On track|
|Adjusted EPS (1)||$3.48 to $3.58||On track|
|Free cash flow (2)||$3,800M to $4,000M||On track|
(1) Net earnings attributable to common shareholders before severance, acquisition and other costs, net mark-to-market (gains) losses on equity derivatives, net (gains) losses on investments, impairment charges and early debt redemption costs 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 October 31, 2019.