French telecoms giant Orange, which reported flat annualized first-half revenue of 21.3 billion euros, confirmed its targets for the current financial year on Thursday ahead of unveiling its new plan.February 2023“. In the first half of the year, operating gross surplus after rent (Ebitdaal), the main indicator of the group’s profitability, reached 5.93 billion euros (+0.7%).
This performance confirms the group’s 2022.growth between 2.5% and 3%Ebitdaal, Orange’s statement said: For 2022, the group also confirms “cash flow» Organic cash flow (cash flow) from telecommunications activities of at least 2.9 billion euros.
Solid performance
“This strong performance allows us to confirm our forecast for the current year. (…) It also allows us to prepare for the future with confidence and responsibility for the development of our next strategic plan.The group’s CEO, Christel Heidemann, was quoted as saying in the press release. This plan will be announcedIn February 2023” and refers to the strategy “the coming decadeRamon Fernandez, Deputy Chief Financial Officer, added during the conference call.
With a year-on-year growth of 7.9%, the Africa and Middle East region continues to be Orange’s main revenue driver. In France, the group’s main market, sales fell 1.7% due to lower levels.received co-financing“. Orange in this countryjust submitted“France’s telecoms regulator (Arcep) agrees to extend 2G/3G roaming contract with rival Iliad”.until 2025Mr. Fernandez announced.
In Europe, where Orange is present in seven countries, sales outside Spain rose slightly (+0.8%) in the first half. Traffic in Spain fell by 4.3% in the period, while the French operator has just announced the completion of a merger agreement with its Spanish rival MasMovil in this fragmented market.
Despite a sharp deterioration in Ebitdaal (-25.3%), revenues in the business segment remained stable during the half. The subsidiary, which owns and manages the passive mobile infrastructure of telecommunications towers in France and Spain, reached €328 million (+10.2%) in the first half of the year.
Source: Le Figaro
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