Orange slows fall in revenues, maintains outlook

News General Europe 23 OKT 2014
Orange slows fall in revenues, maintains outlook

Orange reported third-quarter results in line with its full-year outlook, citing a better underlying revenue and customer growth trend. Revenues were down 3.5 percent year-on-year to EUR 9.805 billion. On a comparable basis, excluding regulatory effects, the drop was only 1.4 percent. 

Sales in its home market France were down 2.6 percent on an underlying basis to EUR 4.826 billion, Spain fell 5.0 percent to EUR 977 million, and Poland declined 2.8 percent to EUR 730 million. The rest of the world grew by 2.2 percent to EUR 1.808 billion, while Enterprise revenues were down 1.7 percent to EUR 1.525 billion. Orange said the performance was better than previous quarters, mainly due to improvements in France, Belgium and Enterprise. 

The operator's adjusted EBITDA fell 3.6 percent year-on-year to EUR 3.245 billion and was down just 0.9 percent on a comparable basis excluding regulatory effects. Capital expenditure rose 1.1 percent year-on-year to EUR 1.307 billion or 13.3 percent of revenue. The group confirmed its target for adjusted EBITDA of EUR 12.0-12.5 billion over the full year and a stable margin, helped by cost reductions three months ahead of schedule. The annual dividend is still expected at EUR 0.60 per share, with an interim payment of 20 cents in December. 

Orange finished September with 182.1 million mobile service customers, an increase of 6.2 percent year-on-year. Orange Money had 12 million customers at that same date (+53%). Fixed broadband had 15.8 million customers at 30 September, an increase of 3.5 percent from a year earlier. This included 576,000 fibre-optic subscribers.

Categories:

General

Companies:

Orange

Regions:

Africa,  Europe

Tags:

Voice services, Data services, Financial figures, Internet Access

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