Orange reports decreases in revenues, EBITDAaL in 2Q20

30 Jul 2020

Orange Group has published its financial results for the three months ended 30 June 2020, claiming that revenues and EBITDAaL were negatively impacted by the effects of the health crisis. In the period under review, the France-based company generated a total turnover of EUR10.375 billion (USD12.2 billion), a 0.4% year-on-year decrease on a comparable basis (0.1% on historical basis). EBITDAaL for 2Q20 stood at EUR3.312 billion, down 1.8% from EUR3.372 billion in the year-earlier period. Capital expenditures in the period under review totalled EUR1.576 billion, down 15.8% from EUR1.871 billion in Q2 2019.

In operational terms, Orange Group claimed 253.076 million customers (excluding MVNOs) worldwide at the end of June 2020, up from 252.900 million twelve months earlier. Mobile subscribers accounted for 207.956 million customer accounts, with 63.9% of these being post-paid users. In France, Orange reported that its subscriber base reached 34.342 million, a 1.2% increase y-o-y (over 412,000 net additions), with 9.958 million of those subscribed to M2M.

Elsewhere, Orange reported subscriber growth in the likes of Poland (where it claimed a user base of 15.487 million, up 3.5% y-o-y) and Belgium and Luxembourg (4.740 million, 5.2%), while the Central European countries of Romania, Slovakia and Moldova had signed up a combined total of 14.009 million mobile users by end-June 2020, down 3.3% from 14.484 million a year earlier, and Spain 15.863 million (down 3.2%). Africa and the Middle East contributed a total of 123.516 million subscribers, an increase of 0.7% y-o-y. Orange’s consolidated fixed broadband user base climbed to 20.971 million by mid-2020, a 3.0% improvement on the 20.355 million reported a year earlier, of which 8.421 million were fibre-to-the-home (FTTH) subscriptions (7.030 million in 2Q19).

Stephane Richard, Chairman and CEO of Orange Group, said: ‘Orange has shown a remarkable level of resistance in the first half of the year, despite the effects of the Covid-19 pandemic, with a 0.3% increase in revenues [in H1 2020] and a contained decrease in EBITDAaL of 0.8%. These results bear witness to our business’ resilience and its capacity for collective mobilisation in the face of this crisis.’

France, Orange Group