France Telecom reports lower revenue, more customers in Q1

News General Europe 24 APR 2013
France Telecom reports lower revenue, more customers in Q1

France Telecom-Orange reported group revenue down 4.1 percent on a comparable basis to EUR 10.28 billion in the first quarter, as revenue decreased by 6.1 percent in France and by 7.2 percent in Poland, but grew slightly in Spain (0.8%) and the rest of the world (0.7%). Enterprise revenue decreased by 5.3 percent to EUR 1.64 billion over the same period. The group reported a restated EBITDA down 6.6 percent to EUR 3.12 billion and capex up 6.5 percent to EUR 1.15 billion in the first quarter. 

On a historical basis, first-quarter revenue declined 5.9 percent, including a change in the scope of consolidation which corresponded to a decline of 1.5 percentage points, mainly from the disposal of Orange Switzerland in February 2012.

The group had 229.8 million total customers, excluding MVNOs, at the end of March, an annual increase of 5.9 million customers (2.6%). The number was affected by the sale of Orange Austria (781,000 mobile customers at the end of 2012) and the acquisition of Simyo Spain (398,000 mobile customers at the end of March). Mobile customers, excluding MVNOs, grew by 4 percent year-on-year to 171.8 million at the end of March. Fixed broadband customers grew by 3 percent year-on-year to 15 million, including 263,000 in France and 143,000 in Spain. The operator had 265,000 fibre-optic service subscribers at the end of March, 206,000 of whom were in France, where 30,000 were added in the first quarter.

Capex was led by investment in networks, up 9.2 percent year-on-year as Orange accelerated its expenditure in fibre and LTE in France, renewed its access network and added capacity in Spain, and delivered 1.2 million fixed broadband lines in Poland. For this year, the operator confirmed its EUR 7 billion target for operating cash flow, defined as restated EBITDA minus capex. It also confirmed its target to return to a net debt ratio of around 2 times EBITDA at the end of 2014. 

Orange will pay a EUR 0.20 dividend for 2012 on 11 June. For 2013, it will pay a dividend of at least EUR 0.80 per share, with a EUR 0.30 interim dividend to be paid in December. The group added that it would pursue its policy of strategic acquisitions.

Categories:

General

Companies:

Orange,  France Telecom

Regions:

Africa,  Europe

Countries:

France

Tags:

Voice services, Data services, Network Access, Unified communications, Sales figures, Financial figures, Wireline, Wireless, Internet Access, Consumer, Enterprise

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