Orange 3Q Revenue Rose; Increased Dividend
October 29 2020 - 3:24AM
Dow Jones News
By Mauro Orru
Orange said Thursday that revenue for the third quarter
increased as growth in France and Africa and the Middle East offset
a decline in the other segments, and it raised its interim dividend
to be paid out in December.
The French telecommunications company said revenue rose to 10.58
billion euros ($12.43 billion) on a comparable basis from EUR10.50
billion a year earlier.
Analysts had expected revenue of EUR10.54 billion for the
quarter, according to FactSet.
Earnings before interest, taxes, depreciation and amortization
after leasing, or Ebitdaal, fell slightly to EUR3.58 billion from
EUR3.60 billion on a comparable basis. The company began using
Ebitdaal as a financial indicator in January 2019 to account for
the adoption of the IFRS 16 accounting standard.
Orange said its board of directors backed the return to a 2020
dividend of EUR0.70 a share, adding the company would pay an
interim dividend of EUR0.40 a share on Dec. 9, representing an
increase of EUR0.10 from the amount it announced in July. The
company will make a final proposal at its annual general meeting of
in May 2021, it said.
Orange said it continues to expect a slight decline in 2020
Ebitdaal of about 1%, including all the effects linked to the
coronavirus pandemic.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
October 29, 2020 03:09 ET (07:09 GMT)
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