Orange: confirms targets for 2020

(CercleFinance.com) - Group sales inched up 0.
6% to 42,238 million euros in 2019, with 1.1% growth in Q4, having accelerated from +0.8% in Q3.

This growth was pretty much seen across the board, with very strong growth in Africa and the Middle East +6.2%, with a solid performance in Europe and renewed growth in its Corporate division (respectively 1.4% and +1.0% in 2019, Orange said.

EBITDAaL Group increased by 0.8% to 12,860 million euros in 2019 and was up 1.3% in Q4, representing an acceleration from the 0.2% increase in the previous quarter.

Organic cash flow from telecoms activities reached 2.3 billion euros, far exceeding the targets announced for 2019. Consolidated group net income was up 49.4% at 3,226 million euros.

Orange has confirmed its targets for 2020: EBITDAAL 2020 will be stable positive, eCAPEX 2020 will be up by 200 million euros, organic cash flow from telecoms will be over 2.3 billion euros in 2020, representing an improvement from the target announced at December's CMD.



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