Orange Sales Rose in 2017 On Stronger European Segment
February 21 2018 - 3:17AM
Dow Jones News
By Marc Navarro Gonzalez
Orange SA (ORA.FR) said Wednesday that its sales rose slightly
in 2017 driven by improvements in Europe, particularly a return to
growth in France and continued growth in Spain.
France's largest telecoms company said that 2017 sales rose to
41.09 billion euros ($50.78 billion) from EUR40.92 billion a year
earlier. Net profit fell 35% to EUR1.91 billion, in part due to a
high comparison base in 2016 due to the disposal of its stake in
British mobile operator EE.
Adjusted earnings before interest, taxes, depreciation and
amortization--a measure closely watched by analysts--rose to
EUR12.82 billion from EUR12.68 billion, higher than consensus
expectations of EUR12.79 billion provided by FactSet.
Orange said it will pay a EUR0.65 a share dividend for 2017 and
will propose a dividend payment of EUR0.70 a share for 2018.
The company confirmed its outlook for 2018, adding it expects
growth in adjusted Ebitda and operating cash flow in 2019 and
2020.
Write to Marc Navarro Gonzalez at marc.navarro@dowjones.com
(END) Dow Jones Newswires
February 21, 2018 03:02 ET (08:02 GMT)
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