je.st
news
Orange slows fall in revenues, maintains outlook
2014-10-23 08:14:00| Telecompaper Headlines
(Telecompaper) 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 operators 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. The annual dividend is still expected at EUR 0.60 per share, with an interim payment of 20 cents in December.
Tags: fall
orange
outlook
revenues
Category:Telecommunications