Orange reports growth in revenues, EBITDAaL in 9M 2019

30 Oct 2019

Multinational telecoms operator Orange Group has published its financial results for the nine months ended 30 September 2019, claiming ‘continued growth in revenue and EBITDAaL [EBITDA after Leases]’ on the back of what it claimed was ‘solid commercial performance in France and continued strong growth in Africa & Middle East.’ In the period under review, the France-based company generated a total turnover of EUR30.150 billion (USD33.46 billion), a marginal 0.4% year-on-year increase on a comparable basis (1.9% on historical basis). The group reported growth in revenues at its units in Europe (1.3%), Africa and the Middle East (6.3%) and Enterprise (1.0%), partly offset by a decline at its domestic unit (down 0.8%) and in Spain (1.2%). EBITDAaL for 9M 2019 stood at EUR9.573 billion, up 0.6% from EUR9.517 billion in the year-earlier period. Capital expenditures in the period under review totalled EUR5.233 billion, up 4.0% from EUR5.033 billion in 9M18.

In operational terms, Orange Group claimed 268.401 million customers (excluding MVNOs) worldwide at the end of September 2019, up from 261.386 million twelve months earlier. Mobile subscribers accounted for 209.380 million customer accounts, with 64.9% of these being post-paid users. In France, Orange reported that its subscriber base reached 34.179 million, a 4.1% increase y-o-y (over 1.3 million net additions), with 9.475 million of those subscribed to M2M. Elsewhere, Orange reported subscriber growth in the likes of Spain (where it claimed a user base of 16.379 million, up 1.6% y-o-y), Poland (15.140 million, up 3.6%) and Belgium and Luxembourg (4.604 million, 8.8%), while the Central European countries of Romania, Slovakia and Moldova had signed up a combined total of 14.744 million mobile users by end-September 2019, down 0.8% from 14.864 million a year earlier. Africa and the Middle East contributed a total of 124.333 million subscribers, an increase of 5.1% y-o-y. Orange’s consolidated fixed broadband user base climbed to 20.506 million by end-September 2019, a 3.2% improvement on the 19.866 million reported a year earlier, of which 7.380 million were fibre-to-the-home (FTTH) subscriptions (5.890 million at end-September 2018).

France, Orange Group