Orange profit drops 3.2%

|About: Orange (ORAN)|By:, SA News Editor

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)