Report

Orange : Orange benefits from its premium focus in a tougher market

>EBITDA 0.4% better than expected, solid resilience in a tougher market - Orange’s Q3 2018 earnings came in 0.4% better than expected for EBITDA, with revenue growth of 0.6% y-o-y (vs +1.4% in Q2 and +2% in Q1). Adjusted EBITDA came in 3% higher in Q3 (vs +3.4% in Q2 and +4.4% in Q1). The change of reporting makes it trickier to analyse services revenue and ARPU trends in Q3 but Orange offset the intense promotional activity in Q3 with a positive mix effect and its fo...
Underlying
Orange SA

Orange provides consumers, businesses and other telecommunications operators with a wide range of services including fixed telephony and mobile telecommunications, data transmission, Internet and multimedia, and other services. Co.'s portfolio comprises business lines (fixed-line, mobile, Internet), focusing on all customer segments (small and medium-sized businesses, multinationals), and personal and professional services for home, office, travel, and mobile. Co. manages eight operating segments: France, Poland, Spain, Rest of the Europe, Africa and Middle East, Other non-controlling equity interests, Enterprise Communication Services, and International Carriers and Shared Services.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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