Orange : 2024 outlook slightly better than expected
>2024 targets and earnings 0-2% above forecasts - For 2024, Orange is targeting telecoms FCF at >€ 3.8bn (3% above the consensus of € 3,705m), based on low-single digit growth (consensus 1.6%), ‘disciplined’ investments (consensus -1%). The 2024 dividend (paid in 2025) is forecast at € 0.75 (consensus € 0.75). For 2025, Orange is aiming for telecoms FCF at >€ 4bn (in line with the cons. of € 4,031m).As for the 2023 earnings, revenues for Q4 2023 were up 1.6% over...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.
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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