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Orange (ORAN)

  • Thu, Oct. 22, 9:32 AM
    • Orange (NYSE:ORAN): Q3 EBITDA of €3.6B (+1.1% Y/Y).
    • Revenue of €10.3B (+0.5% Y/Y)
    • Shares +6.3%.
    • Press Release (.pdf)
    | Thu, Oct. 22, 9:32 AM | Comment!
  • Thu, Oct. 22, 9:28 AM
    • Orange (NYSE:ORAN) is up 5.8% premarket after a return to revenue growth in Q3 prompted it to raise full-year guidance.
    • Revenues grew 0.5% to €10.28B; it had fallen 0.2% in Q2 and fallen 0.9% in Q1. Its restated EBITDA of €3.56B beat an expected €3.39B.
    • Overall, mobile customers grew to 201.7M, up 10.8% Y/Y. In France, it added 234K postpaid customers to bring that total to 23.7M (about 84% of subscriber base). Its 4G customers grew 1M to hit 6.6M.
    • For Europe, mobile base grew to 50.1M; in Africa/Middle East, it grew to 111.2M from 94.3M.
    • Fixed broadband customers grew to 17.9M from 15.8M, driven by France and Spain.
    • It raised full-year EBITDA guidance to €12.3B from a previous €11.9B-12.1B. Capital IQ consensus sees EBITDA of €12.23B for the year.
    • Full results
    | Thu, Oct. 22, 9:28 AM | Comment!
  • Tue, Jul. 28, 9:19 AM
    • Orange SA (NYSE:ORAN) is up 0.9% premarket after beating expectations on top and bottom lines amid a recovering French phone market and a revenue payoff from African expansion.
    • EBITDA of €3.29B was flat but beat an expected €3.14B, on revenues of €9.89B (down 0.2% but beating an expected €9.72B). "We are particularly pleased with these results which mark a return to revenue growth in the second quarter, excluding regulation, for the first time since 2011," said CEO Stéphane Richard.
    • In France, revenue declines slowed (to -0.8% Y/Y, from Q1's -1.8%) and its Africa/Middle East business grew revenues 4.5% and customers 12.4%, to 102M.
    • The company reiterated full-year guidance for adjusted EBITDA of €11.9B-€12.1B, in line.
    • Orange has been increasing its acquisitions in Africa and the Middle East as it seeks a 20% boost to revenues from the region. “We have activities providing us with the cash flow necessary and we’ve sold some assets,” CFO Ramon Fernandez told Bloomberg. “We have room to move on M&A.”
    | Tue, Jul. 28, 9:19 AM | Comment!
  • Tue, Feb. 17, 3:04 AM
    • Following the release of its Q4 results, Orange (NYSE:ORAN) forecast a slight decline in earnings for the coming year amid tough competition in its key home market.
    • Net profit fell 51% Y/Y to €925M during the quarter, weighed down by charges linked to the group’s part-time pension plan, litigation settlements and reorganization of its real-estate assets.
    • The company said it expects EBITDA to reach between €11.9B-€12.1B this year, a decline from the €12.19B posted in 2014, but pledged to hold the line on costs and deliver a stable dividend.
    | Tue, Feb. 17, 3:04 AM | Comment!
  • Oct. 23, 2014, 2:02 PM
    • Orange's (NYSE:ORAN) Q3 revenue fell 2.3% Y/Y on a comparable basis to €9.805B ($12.35B), but beat a Bloomberg consensus of €9.71B. EBITDA fell 3.6% to €3.25B ($4.1B), and was slightly below a €3.27B consensus.
    • Segment Revenue (on a comparable basis): France -3.1% Y/Y to €4.83B; Spain -6.1% to €977M; Poland -3.6% to €730M; Rest of World -0.4% to €1.81B; Enterprise -1.7% to €1.53B; International Carriers & Shared Services +3.5% to €476M.
    • Orange ended Q3 with 239.5M customers globally (+3% Y/Y), of which 182.1M were mobile subs (+6.2% on a comparable basis) and 15.8M were wireline broadband subs. French mobile customers rose 1.5% to 27.2M, with contract customers rising 5.5% to 21.6M. The EE U.K. JV saw customers drop 2% to 24.5M.
    • Full-year guidance for "restated EBITDA" of €12B-€12.5B is reiterated. Restated EBITDA is "expected to remain stable" Y/Y.
    • Earnings Release (.pdf)
    | Oct. 23, 2014, 2:02 PM | Comment!
  • Apr. 29, 2014, 5:16 AM
    • Orange's (ORAN) Q1 EBITDA dropped to €3.02B from €3.12B but met consensus.
    • Revenue fell 4.6% to a slightly less-than-expected €9.8B as the price war in France continued to hurt results, although the rate of decline in Orange's home market slowed.
    • Orange maintained its FY profit targets.
    • Shares are +4.2% in Paris. (PR)
    | Apr. 29, 2014, 5:16 AM | Comment!
  • Mar. 6, 2014, 4:26 AM
    • Orange's (ORAN) Q4 EBITDA dropped to €2.87B ($3.94B) from €3.14B a year earlier.
    • Revenue fell to €10.22B from €10.92B, with sales hurt by a price war in France's mobile market, as well as declining revenues in other European countries such as Poland and Spain.
    • Orange warned that the situation in France will hurt its earnings this year, although it forecast that FY EBITDA would be €12.1-12.6B vs €12.1B in 2013. That would be the first time in at least five years that EBITDA doesn't fall.
    • The company's results come as Vivendi mulls an offer from Bouygues for SFR in a deal that would combine the number two and three players in the market. Orange is number one. "This market needs consolidating," Orange CFO Gervais Pellissier said.
    • Orange cut its annual dividend to €0.60 a share from €0.80 previously.
    • Shares are +7.7% in Paris. (PR)
    | Mar. 6, 2014, 4:26 AM | Comment!
  • Oct. 23, 2013, 2:13 AM
    • Orange (ORAN) Q3 revenues -4% on a comparable basis to €10.16B.
    • Number of customers +2.1% on year to 232.5M, including net additions of 1.1M in Q3.
    • Confirms 2013 target of operating cash flow of at least €7B.
    • Confirms to pay minimum dividend of €0.80 a share in FY 2013.  (PR)
    | Oct. 23, 2013, 2:13 AM | Comment!
  • Jul. 25, 2013, 4:49 AM
    Orange (ORAN): H1 net profit -38% to €1.07B, EBITDA €6.42B vs €6.82B. Revenue -9.9% to €20.60B. Earnings hurt by a severe price war in France, where average revenue per user dropped 12.1%. Customers +3.1% to 231.5M. Maintains guidance for operating cash flow to fall to above €7B from €7.97B in 2012. In Poland, revenue -8.6% and EBITDA -19%; Spain revenue +1.7%. To pay French tax authorities €1.95B at the end of this month and a further €190M in September following a court decision on the restructuring of a holding company in 2005. Shares -4.4% in Paris. (PR)
    | Jul. 25, 2013, 4:49 AM | Comment!
  • Feb. 20, 2013, 3:05 AM
    France Telecom (FTE): 2012 net profit -79% to €820M, hurt by a €1.84B write-down on the value of assets in Poland and other countries. Operating income -49% to €4.06B. Revenue -3.9% to €43.52B amidst a price war in France. Reiterates guidance that operating cash flow will fall to above €7B in 2013 from €7.97B; confirms plans to cut dividend to at least €0.80 in 2013. (PR)
    | Feb. 20, 2013, 3:05 AM | 2 Comments
  • Oct. 25, 2012, 6:25 AM
    France Telecom (FTE): Q3 Revenue of EUR10.75B (-3.5% Y/Y). (PR)
    | Oct. 25, 2012, 6:25 AM | 1 Comment
  • Sep. 21, 2012, 2:01 PM
    France Telecom (FTE +0.6%) CEO Stephane Richard reaffirmed his company's €8B ($10.39B) 2012 operating cash flow target at a Paris conference, and said FT's Q3 performance had been "fine" in spite of a poor macro backdrop and tough mobile competition. Richard declined to provide new details about FT's dividend plans: the carrier has already said its 2012 dividend will be lower than 2011's €1.40/share.
    | Sep. 21, 2012, 2:01 PM | 4 Comments
  • Jul. 26, 2012, 1:39 PM
    France Telecom (FTE +7.7%) surges after reporting 1H revenue fell 3.2% Y/Y to €21.8B ($26.5B), a little better than a €21.7B consensus, and reaffirming guidance for 2012 operating cash flow of nearly €8B. The numbers are soothing to investors on edge over macro issues, huge debt obligations, and competition from French discount carrier Iliad. FTE is hoping its phone subsidies and retail footprint will allow it to maintain a price premium. TEF +6.2%. TI +4.4%. BT +4.7%.
    | Jul. 26, 2012, 1:39 PM | Comment!
  • May 3, 2012, 3:39 AM
    France Telecom (FTE): Q1 profit -8.1% to €3.43B. Revenue -2.7% to €10.9B vs. €10.8B consensus. Roaming agreements will bring in €1B in revenue over three years, an acceleration of an earlier prediction of €1B in six years. Confirms forecast to have "close to" €8B in operating cash flow this year. Shares +3% in France.
    | May 3, 2012, 3:39 AM | Comment!
  • Feb. 22, 2012, 2:46 AM
    France Telecom (FTE) reports Q4 EBITDA fell 3.9% to €3.47B, with sales down 2.6% to €11.43B, slightly better than analysts' expectations of EBITDA of €3.42B on €11.38B of sales. The company also cut its dividend forecast for the year to €1.21-1.35, down from prior guidance of €1.40, as it predicts operating cash flow will decline to €8B this year from €9.3B in 2011.
    | Feb. 22, 2012, 2:46 AM | Comment!
  • Jul. 28, 2011, 4:05 PM
    France Telecom (FTE), which just reported that first-half profits fell 48% Y/Y,  is looking to sell its Orange Switzerland subsidiary. The company is also evaluating its options for minority stakes it holds in Austrian and Portuguese carriers. Analyst estimates for the value of Orange Switzerland range from $2B-$2.14B.
    | Jul. 28, 2011, 4:05 PM | Comment!
Company Description
Orange SA operates as a telecommunications operator. The Company offers fixed and mobile communications, data transmission, the Internet and multimedia, mobile telephone services and network services.
Sector: Technology
Country: France