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)

Copyright (c) 2018 Dow Jones & Company, Inc.
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