International telecoms giant Orange Group has published its financial results for the twelve months ended 31 December 2015, claiming to have exceeded all of its 2015 financial targets. In the period under review, the France-based company generated a total turnover of EUR40.236 billion (USD44.89 billion), a marginal 0.1% decrease year-on-year, although Orange Group pointed out that it represented an improvement on the 2.5% decrease in revenues reported in 2014. Excluding the impact of regulatory measures (EUR154 million) revenues rose by 0.3% y-o-y in 2015. The development was mainly attributed to the ‘favourable trend’ in the financial performance of Orange’s units in France and Europe, while business in Africa and Middle East ‘remained strong’. Restated EBITDA for 2015 stood at EUR12.426 billion, ahead of the group’s target of EUR12.3 billion, with a margin of 30.9% (unchanged y-o-y). Capital expenditures in the twelve months to 31 December 2015 totalled EUR6.486 billion, up 9.3% from EUR5.636 billion a year earlier, with fibre network investments representing 55% of the group’s CAPEX.
Further, the company has issued its outlook for 2016, saying that it expects restated EBITDA to be higher than the figure reported in 2015. The group also maintained its objective of a ratio of net debt to EBITDA of around 2x in the medium term.
In operational terms, Orange Group claimed 262.912 million customers worldwide at the end of 2015, up from 244.161 million twelve months earlier. Mobile subscribers accounted for 201.161 million of these customer accounts. In its domestic market, Orange reported that its subscriber base reached 28.424 million customers, a 4.9% increase year-on-year (+133,700 net additions), while Africa and the Middle East contributed a total of 110.2 million, an increase of 4.1% y-o-y, mainly due to growth in Cote d’Ivoire, the Democratic Republic of Congo, Cameroon and Guinea. Orange’s consolidated fixed broadband user base climbed to 18.116 million by end-December 2015, a 3.1% improvement on the 16.014 million reported in 2014, with France leading the pack in terms of net additions (380,000), followed by Spain (235,000).