Orange : Good surprise from Africa in H1 2024
>Q2 2024 results in line with expectations and network agreement in Spain - Q2 2024 revenues showed y-o-y growth of 0.9% to € 9,990m, 1% below expectations (consensus € 10,040m, ODDO BHF € 10,245m). Q2 2024 EBITDAaL came in up 2.5% y-o-y at € 3,106m, 1% ahead of expectations (ODDO BHF € 3,073m, consensus € 3,098m). FCF all-in and on a pro forma basis came to € 1.26bn in H1 2024, beating the consensus (consensus € 1.1bn). 2024 targets are reiterated. Orange announced a...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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