Orange 3Q Revenue, Earnings Rose on Growth in Key Markets
October 25 2018 - 2:31AM
Dow Jones News
By Patrick Costello
Orange (ORA.FR) said Thursday that its third-quarter revenue and
earnings rose on the back of strong commercial performance in key
markets such as France and Spain.
Third-quarter revenue rose 0.6% from a year earlier to 10.3
billion euros ($11.8 billion), the French telecommunications
company said.
Adjusted earnings before interest, taxes, depreciation and
amortization increased 3% during the quarter to EUR3.69 billion, in
line with growth trends of previous quarters, Orange said.
Operating cash flow fell 3.5% to EUR1.92 billion.
The company said results were helped by strong performance in
markets such as France and Spain--where it witnessed growth in its
broadband customer base--as well as the Middle East, where its base
of 4G customers rose 57% year-on-year to 15 million customers.
Orange plans to pay a dividend for the full year of EUR0.70.
The company confirmed its guidance for 2018, forecasting an
increase in adjusted Ebitda growth and operating cash flow from
2017.
Write to Patrick Costello at Patrick.Costello@dowjones.com.
(END) Dow Jones Newswires
October 25, 2018 02:16 ET (06:16 GMT)
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