FT disappoints after conservative 2008 objectives announcement

6 Dec 2007

France Telecom (FT) has failed to satisfy investors after yesterday confirming its 2007 guidance and outlining similar targets for 2008. The telco said that it expects its EBITDA margin to be stable in 2007 and 2008 while revenue will grow in line with the group’s markets. The announcement disappointed some analysts hoping for more concrete revenue targets. Before Wednesday FT shares had risen nearly 25% since the start of the year, significantly outperforming France’s benchmark CAC-40 index, after reporting solid results for the first three quarters and raising its 2007 guidance in October.

France, Orange Group