Orange, France’s biggest telecoms operator, said its first-quarter core operating profit grew 1%, as high growth from its Africa and Middle-East operations offset further declines in sales in Spain and its home country.
Telecoms operator earnings before interest, tax, depreciation, and amortization after leases rose to 2.62 billion euros. ($2.81 billion) It was for the quarter that ended March 31.
This was in line with the average of 13 analyst estimates the company has compiled. In the estimates, revenues were up 0.7% to 10.6 billion euros.
Orange said it maintained all its full-year targets for 2022, including growth in core operating profits between 2.5% and 3%.
It also confirmed its target of organic cash flow from telecom activities of at least 3.5 billion euros next year.
About Orange:
As a trusted partner, Orange gives everyone the keys to a responsible digital world.
- Networks:
- Providing everyone with the means to communicate.
- With high-technology infrastructure, deployed from the depths of the oceans to the heights of outer space, in order to connect both individuals and companies.
- Via vocal, visual, and data exchange.
Business services:
- Supporting sustainable growth and innovation for businesses.
- Connecting and protecting them, wherever they are in the world.)
Mobile financial services:
- Boosting financial inclusion alongside digital inclusion.
- Supporting economic digitization: payments, banking, financing insurance, money transfers, etc.
- Via innovative, reliable services adapted to the uses of each country.
Cybersecurity:
- Protecting our clients’ digital activity.
- Standing by their side to defend their digital freedoms.
- Anticipating, detecting, identifying, and addressing a multitude of constantly evolving cyber-threats.
Content:
- Ensuring our clients experience the best of information, culture, and entertainment.
- At home or on the move.
- At any time, on any device.
A global operator on a local scale
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