Orange Group reports growth in revenues, EBITDAaL in 2019

13 Feb 2020

Multinational telecoms operator Orange Group has published its financial results for the twelve months ended 31 December 2019, claiming ‘solid commercial performance in France, excellent results in Africa & Middle East, return to growth in Enterprise and sustained growth in Europe.’ In the period under review, the France-based company generated a total turnover of EUR42.238 billion (USD46 billion), a marginal 0.6% year-on-year increase on a comparable basis (2.1% on historical basis). The group reported growth in revenues at its units in Europe (1.4%), Africa and the Middle East (6.2%) and Enterprise (1.0%), partly offset by a decline at its domestic unit (down 0.3%) and in Spain (1.5%). EBITDAaL for 2019 stood at EUR12.860 billion, up 0.8% from EUR12.762 billion in the year-earlier period. Capital expenditures in the period under review totalled EUR7.293 billion, up 0.6% from EUR7.248 billion in 2018.

In operational terms, Orange Group claimed 265.705 million customers (excluding MVNOs) worldwide at the end of December 2019, up from 263.962 million twelve months earlier. Mobile subscribers accounted for 207.211 million customer accounts, with 64.2% of these being post-paid users. In France, Orange reported that its subscriber base reached 34.308 million, a 3.6% increase y-o-y (over 1.2 million net additions), with 9.655 million of those subscribed to M2M.

Elsewhere, Orange reported subscriber growth in the likes of Spain (where it claimed a user base of 16.313 million, up 0.8% y-o-y), Poland (15.284 million, up 3.2%) and Belgium and Luxembourg (4.690 million, 8.0%), while the Central European countries of Romania, Slovakia and Moldova had signed up a combined total of 14.647 million mobile users by end-December 2019, up 0.3% from 14.603 million a year earlier. Africa and the Middle East contributed a total of 121.969 million subscribers, an increase of 1.2% y-o-y. Orange’s consolidated fixed broadband user base climbed to 20.685 million by end-2019, a 2.7% improvement on the 20.145 million reported a year earlier, of which 7.792 million were fibre-to-the-home (FTTH) subscriptions (6.345 million at end-2018).

France, Orange Group