Orange : Slower start to 2023 (as expected)
>The weaknesses in Q1 2023 (loss of clients in France, inflation) - The group’s Q1 EBITDAaL was up just 0.5% relative to Q1 2022, in line with the consensus (€ 2,590m) which was recently revised downwards, but below growth expectations of 1.5% for 2023; this reflects the impact of inflation on wages (+5% since January) and other charges. France: revenues were down 1.8% y-o-y due to the decline in wholesale fibre revenues (-8%). France: following the historic...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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