Report
Stephane Beyazian

Orange : Conference call T2 - Qu’est-ce qui a cloché ?

>Trois points inquiètent le marché au T2 22 - Le titre sous-performe après la publication des résultats du T2 22, bien que CA et EBITDAaL étaient en ligne avec les attentes et les FCF très nettement au-dessus (forte baisse des investissements). Un ralentissement de la croissance EBITDA après leasing (« EBITDAaL) était attendu, et la réaction du marché nous semble donc forte, probablement basée sur trois éléments : 1/ La croissance sur le marché fixe internet s’es...
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.

Analysts
Stephane Beyazian

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch