Orange Revenue Rose in 1Q, Backs 2018 Ebitda View
26 Abril 2018 - 01:31AM
Noticias Dow Jones
By Marc Navarro Gonzalez
Orange SA (ORA.FR) said Thursday that first-quarter revenue rose
slightly, driven mainly by improvements in both France and Spain,
as well as in its Africa and Middle East segment.
Sales rose 2% on a comparable basis to 10.08 billion euros
($12.29 billion) in the three-month period, Orange said. The figure
matched a consensus forecast of EUR10.08 billion provided by
FactSet.
Adjusted earnings before interest, taxes, depreciation and
amortization increased 3.8% to EUR2.61 billion due to revenue
growth, which was partially offset by an increase in external
purchases, Orange said. The company's adjusted Ebitda margin
improved by 0.6 percentage points.
Orange said its revenue in France rose 2.1% to EUR4.49 billion
in the quarter, helped by the steady uptake of convergence offers
and the growth in equipment sales. In Spain, growth remains steady
at 4.3%, while revenue in the Africa and Middle East segment
increased 6.2%.
The telecommunications company confirmed its full-year target of
delivering higher adjusted Ebitda than in 2017.
Write to Marc Navarro Gonzalez at marc.navarro@dowjones.com
(END) Dow Jones Newswires
April 26, 2018 02:16 ET (06:16 GMT)
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