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General

Orange Spain cuts revenue fall to 2.7% in Q2, writes down EUR 3.7 bln

Thursday 29 July 2021 | 09:18 CET | News
Update: 29 July 2021 | 14:20 CET
Orange Spain reported revenues down 2.7 percent year on year to EUR 1.18 billion in the second quarter of 2021, an improvement on the previous quarter's 7.2 percent decline, but announced a EUR 3.7 billion impairment in what is the Orange group's second largest market. The goodwill writedown was attributed to the downward revision of the unit's short-term outlook, reflecting an increasingly competitive environment marked by the decline in average revenue per user and the expected lag in economic recovery following the pandemic, above all in the tourism and SME sectors. 

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[29/07/2021 14:20- Update: adds quarterly results, KPIs ]


Categories: General
Companies: Orange / Orange Spain
Countries: Spain
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