Orange : The key reassuring elements for H2 2023
>France: the price hike should add € 200m in sales in Q2 - We knew that earnings in France would be a trough in H1 2023 (erosion in 2023 and 2024 but the market nonetheless seems to have been surprised yesterday (stock down 2%). This weakness can be explained by: I/ a 5% decline (or € 155m) of EBITDAaL in France related to the drop in wholesale sales while costs are stable (wages up 4.8%, energy cost hike); ii/ loss of customers due to the price increase in March/Apri...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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