Orange achieves 2020 financial targets

18 Feb 2021

Orange Group has published its financial results for the twelve months ended 31 December 2020, claiming that it has achieved all financial targets for 2020. In the period under review, the France-based company generated a total turnover of EUR42.270 billion (USD50.98 billion), a 0.3% year-on-year increase on a comparable basis (0.1% on historical basis). The company said that the performance of the Africa & Middle East unit (up 5.2%) and the solid results in France (up 1.6%) more than offset the revenue decline in Europe (down 3.5%) and Enterprise (down 1.4%). EBITDAaL for 2020 stood at EUR12.680 billion, down 1.0% from EUR12.856 billion in the year-earlier period. Capital expenditures in the period under review totalled EUR7.132 billion, down 1.7% from EUR7.293 billion in 2019.

In operational terms, Orange Group claimed 259.204 million customers (excluding MVNOs) worldwide at the end of December 2020, up from 252.650 million twelve months earlier. Mobile subscribers accounted for 214.094 million customer accounts, with 63.9% of these being pre-paid users. In France, Orange reported that its subscriber base reached 34.808 million, a 1.5% increase y-o-y (around 500,000 net additions), with 10.294 million of those subscribed to M2M.

Elsewhere, Orange reported subscriber growth in the likes of Poland (where it claimed a user base of 15.752 million, up 3.1% y-o-y) and Belgium and Luxembourg (4.906 million, 4.6%), while the Central European countries of Romania, Slovakia and Moldova had signed up a combined total of 14.363 million mobile users by end-2020, down 1.9% from 14.647 million a year earlier, and Spain 15.913 million (down 2.4%). Africa and the Middle East contributed a total of 128.351 million subscribers, an increase of 5.2% y-o-y. Orange’s consolidated fixed broadband user base climbed to 21.680 million by December 2020, a 4.8% improvement on the 20.685 million reported a year earlier, of which 9.635 million were fibre-to-the-home (FTTH)/cable subscriptions (7.792 million in 4Q19). Fixed LTE and other technologies accounted for 1.848 million subscribers (1.419 million in December 2019).

Stephane Richard, Chairman and CEO of Orange Group, said: ‘2020 was an extraordinary year, marked by a crisis of unprecedented scale and violence. In this challenging context, with networks showing just how vital they are to society, Orange proved able to adapt and meet the challenges, to continue to offer the very best of our services to our customers … In fixed, we continued to connect our clients to fibre. In France, 6.5 million more households were made connectable during 2020 … In very high speed mobile broadband, we launched 5G in five countries and will continue the deployment of this disruptive technology in 2021.’

France, Orange Group