Report

Orange : Orange’s increased porosity to an environment that remains under pressure

>Sharp slowdown in top line and net-adds, EBITDAaL holds up - The publication of Q1 2019 results is in line with expectations in terms of EBITDAaL, with revenues down -0.1% vs. +1.4% in Q4 and +0.6% in Q3, marking a sharp slowdown due to France (-1.8%) and the ePress effect (+0.4% excluding ePress), the promotional environment in France and the slowdown in Spain.EBITDAaL was up +0.7% (+2.8% excl. ePress). Orange seems to have more difficulty than in previous qu...
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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