Home Technology Telecoms group Orange profits up 1%

Telecoms group Orange profits up 1%

Telecoms group maintained all its full-year targets for 2022, including growth in core operating profits between 2.5% and 3%.

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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.

telecoms, france

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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