Orange: confirms financial targets for 2024

(CercleFinance.com) - Group sales rose to E9,995m in Q3 2024, up 1.
6% y-o-y (+E153m), thanks to growth in retail services (+2.5% or +E185m) and a smaller decline in services to operators (-3.3% or -E51m).

Over 9 months, sales grew by 1.5% to E29,834m. EBITDAaL stood at E8,857m, up 2.6%.

Group EBITDAaL for Q3 rose by 2.7% (after +2.6% in Q2 and +2.3% in Q1) thanks to the strong performance of retail services, and totaled E3,345m. This is in line with the objective of slight growth over 2024. EBITDAaL for telecoms activities came to E3,370m (+2.4%). eCAPEX amounted to E1,359m in Q3 2024, down 2.5% y-o-y.

The Group thus confirms its financial targets for 2024. It is targeting slight growth in EBITDAaL, discipline on eCAPEX, organic cash flow from telecom activities of at least E3.3bn, and a net debt/EBITDAaL ratio for telecom activities unchanged at around 2x in the medium term.


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