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Financial reporting

The information included on this page represents our guidance as confirmed on February 2, 2017 and updated on April 26 as a result of the closing of the acquisition of MTS on March 17, 2017.

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

BCE's 2017 financial guidance


February 2April 26
Revenue growth 1% to 2% 4% to 6%
Adjusted EBITDA growth 1.5% to 2.5% 4% to 6%
Capital intensity Approx. 17% Approx. 17%
Adjusted EPS (1) $3.42 to $3.52 $3.30 to $3.40
Free cash flow (2) $3,325M to $3,450M $3,375M to $3,550M

(1) Net earnings attributable to common shareholders before severance, acquisition and other costs, net losses (gains) 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 April 26, 2017.

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