ORA Orange.

By Patrick Costello

Orange (ORA.FR) said Thursday that it met its 2018 guidance on the back of strong revenue growth in core markets including France and Spain.

Revenue in 2018 rose to 1.3% to 41.38 billion euros ($46.95 billion), the French telecommunications company said. Revenue in the fourth quarter rose 1.4% to EUR10.8 billion

Net profit in 2018 rose to EUR1.95 billion from EUR1.84 billion in 2017, Orange said.

Orange said revenue in France and Spain rose 0.9% and 2.2% on year to EUR18.2 billion and EUR5.35 billion, respectively. Revenue increased 5.1% in the Middle East and Africa to EUR5.19 billion in 2018, Orange said.

Adjusted earnings before interest, taxes, depreciation and amortization rose 1.4% to EUR13 billion. Adjusted Ebitda for the fourth quarter rose 1.4% on year to EUR3.33 billion.

Operating cash flow rose 1.7% to EUR5.6 billion, Orange said.

The company said it will propose a dividend of EUR0.70 at its general meeting.

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

(END) Dow Jones Newswires

February 21, 2019 02:18 ET (07:18 GMT)

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