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Financial reporting

The information included on this page represents our guidance as confirmed on November 3, 2016.

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


BCE's 2016 financial guidance

February 4November 3
 Revenue growth 1% to 3% 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)  $3,125M to $3,350M On track

(1) Net earnings attributable to common shareholders before severance, acquisition and other costs, net (gains) losses on investments and early debt redemption costs per BCE common share.

(2) We define free cash flow as 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 3, 2016.

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