By Patrick Costello 
 

Orange (ORA.FR) said Thursday that its third-quarter revenue and earnings rose on the back of strong commercial performance in key markets such as France and Spain.

Third-quarter revenue rose 0.6% from a year earlier to 10.3 billion euros ($11.8 billion), the French telecommunications company said.

Adjusted earnings before interest, taxes, depreciation and amortization increased 3% during the quarter to EUR3.69 billion, in line with growth trends of previous quarters, Orange said.

Operating cash flow fell 3.5% to EUR1.92 billion.

The company said results were helped by strong performance in markets such as France and Spain--where it witnessed growth in its broadband customer base--as well as the Middle East, where its base of 4G customers rose 57% year-on-year to 15 million customers.

Orange plans to pay a dividend for the full year of EUR0.70.

The company confirmed its guidance for 2018, forecasting an increase in adjusted Ebitda growth and operating cash flow from 2017.

 

Write to Patrick Costello at Patrick.Costello@dowjones.com.

 

(END) Dow Jones Newswires

October 25, 2018 02:16 ET (06:16 GMT)

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