Report
Russell Waller
EUR 9636.00 For Business Accounts Only

Orange Belgium (Neutral, TP: €10.3, -30%) H2 24 results: Guidance suggests minimal impact from Digi

OBEL has reported a good set of numbers, with EBITDAaL +2.6% ahead of consensus, and 2025 guidance +2% ahead. Synergy delivery has been accelerated however, implying that 2025 EBITDA guidance is c0.8% ahead on an underlying basis.
Underlying
Orange Belgium SA

Orange Belgium is a telecommunications operator in Belgium. Co. provides a range of products and services to the residential and business markets, including mobile telephony, fixed telephony, fix data, Asymmetric Digital Subscriber Line. Co.'s Belgium segment is divided into two operating units: Mobile as well as Fix voice data. Co.'s Mobile operating unit provides mobile phone equipment and services to residential and corporate customers, while Co.'s Fix voice and data operating unit provides fix voice, data and internet services to residential and corporate customers.

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New Street Research
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Analysts
Russell Waller

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