Monday, October 30, 2017

Orange sees another quarter of growth in France

Citing its second consecutive quarter of growth in France, Orange reported Q3 revenue of 10.274 billion euros, up 0.9% on a comparable basis compared to last year and in line with the first half (+1.1%). Adjusted EBITDA for the Group grew 2.1% in the third quarter of 2017 on a comparable basis, in line with the first half (+2.2%).

St├ęphane Richard, Chairman and CEO of the Orange Group, commented: “This quarter demonstrates very good momentum at Orange, supported more than ever by investment in customer experience and our networks. We attracted nearly half a million mobile contract customers and 321,000 fibre customers in France and the Europe segment in the past three months. Despite new roaming regulation in Europe, we delivered revenue growth for the ninth consecutive quarter and adjusted EBITDA growth of 2.1%. Excluding regulatory changes, adjusted EBITDA rose 4.4%. "

Highlights for Q3 2017:

  • Orange France had a particularly strong third quarter in mobile, with 320,000 net additions – its best performance since 2008. 
  • Orange France is continuing to grow in fibre broadband and now reaches more than 1.8 million customers. 
  • Interconnection revenue with operators in other European countries (visitor roaming) grew but was offset by the end of roaming charges for customers traveling in Europe. 
  • Orange Europe continued to record sustained growth, driven by Spain and Central European countries. 
  • Revenue in the Africa & Middle East segment confirmed a return to solid growth, 
  • Revenue in the Enterprise segment fell 0.5% on a comparable basis. In the first nine months of 2017, revenues were 30.550 billion euros, up 1.0% (+317 million euros) on a comparable basis.
  • The Group’s capital expenditure for the first nine months of the year was 4.873 billion euros, in line with the 2017 forecast of 7.2 billion euros. 
  • CAPEX increased by 2.8% compared to the first nine months of 2016 on a comparable basis. 
  • CAPEX from telecom activities (4.836 billion euros) rose 2.0% and the ratio of CAPEX from telecom activities to revenues was 15.8%. 
  • Investments in fibre and in very high-speed mobile (4G and 4G+) rose 14.2% compared with the first nine months of 2016.

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