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Orange : Beau levier sur l’EBITDA au S1 2018 à extrapoler. Mobile France immune

>Fort levier sur l’EBITDA au S1 : +3.3% (vs +1.7% de CA) - La publication des résultats T2 2018 ressort légèrement au-dessus des attentes avec un CA en hausse de 1.4% yoy (vs +2% au T1). Hors ePresse et Terminaux, le CA Services accélère au T2 à +1.3% (vs 0.8% au T1). L’EBITDA Télécoms ajusté ressort en hausse de 3.4% au T2 (vs +4.4% au T1). Le changement de reporting rend l’étude de l’évolution du CA Services et de l’ARPU plus que délicate depuis le T1 2018.+ Fr...
Underlying
Orange Egypt For Telecommunications

Egyptian Company for Mobile Services is a communication services provider in Egypt. Co. executes, manages, operates, develops and maintains a digital cellular mobile telecommunication system, selling and distributing mobile lines, scratch cards, mobile equipments and mobile maintenance and accessories. Co. provides its services to subscribers inside and outside the Arab Republic of Egypt. Co.'s activities can be divided into two segments. The GSM segment covers the mobile telecommunications services activities, including the sale of pre-paid scratch cards, post-paid and monthly subscriptions packages, bundles and roaming services. The Internet segment covers the internet services.

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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.

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