Report
Stephane Beyazian

Orange : T3 2023 : Afrique solide, parc client internet en France à stabiliser

>Accélération de la croissance EBITDAaL au T3 2023 - CA T3 2023 en hausse de 1,8% sur un an à 10 999 M€ (Css. 10 999 M€) ; EBITDAaL du T3 2023 en hausse de 1,4% pro forma à 3 596 M€ (Css. 3 590 M€). EBITDA-Capex en hausse de 9% sur un an, aidé par la réduction de 6% des investissements. Les objectifs restent inchangés (FCF 2023 > 3,5 Md€ et FCF 2025 > 4 Md€). Nous attendons un T4 2023 très légèrement inférieur au T3 en termes de croissance EBITDAaL mais permettant d’a...
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

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