Report
Stephane Beyazian ...
  • Stephane Houri

Orange : Orange moves to continuous current

>Confirmation of a new cycle on three fronts - The results presentation confirmed that Orange is embarking on an unprecedented 10-year cycle of uninterrupted FCF growth (ODDO BHF: +24% per annum for 2022-2023e) thanks to the plan driven by the current management team, a cycle of possible value creating transactions and a new managerial cycle with the arrival of Christel Heydemann in April, from Schneider Electric (cf. our study published on 14 December 2020). The shar...
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

Stephane Houri

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