Orange reports growth in revenues, EBITDA in 9M18

25 Oct 2018

Telecoms giant Orange Group has published its financial results for the nine months ended 30 September 2018, claiming continued solid growth in adjusted EBITDA and an acceleration in revenue growth. In the period under review, the France-based company generated a total turnover of EUR30.57 billion (USD34.91 billion), a 1.3% year-on-year increase on a comparable basis. The group reported growth in revenues at its units in Spain (2.2%), France (up 1.2%), Europe (1.3%), Africa and the Middle East (5.0%), partly offset by a drop in Enterprise (down 0.7%) and International Carriers & Shared Services (-7.2%) revenues. Adjusted EBITDA for 9M18 stood at EUR9.67 billion, up 3.2% on a comparable basis from EUR9.37 billion in the year-ago period, with a margin of 31.9% (up from 31.2%). Capital expenditures in the period under review totalled EUR5.14 billion, up 6.0% from EUR4.85 billion a year earlier.

In operational terms, Orange Group claimed 261.39 million customers (excluding MVNOs) worldwide at the end of September 2018, up from 260.40 million twelve months earlier. Mobile subscribers accounted for 200.92 million of customer accounts, with 63.0% of these being pre-paid users. In its domestic market, Orange reported that its mobile subscriber base (excluding MVNOs and M2M) stood at 21.79 million, a 0.2% decrease y-o-y. Elsewhere, Orange reported subscriber growth in the likes of Spain (where it claimed a user base of 16.13 million, up 1.3% y-o-y), and Belgium and Luxembourg (4.23 million, 6.6%), while the Central European countries of Romania, Slovakia and Moldova had signed up a combined total of 14.86 million mobile users by end-September 2018, down 0.6% from 14.95 million a year earlier. Africa and the Middle East contributed a total of 118.25 million subscribers, a marginal decrease of 0.1% y-o-y, with growth reported in Niger (28.8%), Burkina Faso (19.2%), Botswana (18.0%) and the Democratic Republic of Congo (DRC, up 15.9%). Orange’s consolidated fixed broadband user base climbed to 19.87 million by end-September 2018, a 3.6% improvement on the 19.18 million reported a year earlier, of which 5.89 million were fibre-to-the-home (FTTH) and cable subscriptions (4.34 million at 3Q17) and over one million were fixed-wireless LTE and others (792,000 in 3Q17).

France, Orange Group