Orange reports revenue, EBITDAaL growth in Q1 2022

27 Apr 2022

Orange Group has published its financial results for the three months ended 31 March 2022, claiming ‘revenue growth and improved EBITDAaL margin’. In the period under review, the France-based company generated a total turnover of EUR10.582 billion (USD11.3 billion), a 0.7% year-on-year increase on a comparable basis (2.6% increase on historical basis). The company said that the solid performance of the Africa & Middle East unit (up 8.7% y-o-y) and the results of its Totem and Enterprise units, which were up 12.2% and 0.8% respectively, more than offset the revenue decline in Wholesale (down 6.8% y-o-y). EBITDAaL for Q1 2022 stood at EUR2.620 billion, up 1.0% from EUR2.595 billion in the year-earlier period. Capital expenditures in the period under review totalled EUR1.610 billion, down 5.8% from EUR1.706 billion in 1Q21.

In operational terms, Orange Group claimed 277.960 million subscriptions (excluding MVNOs) worldwide at the end of March 2022, up from 264.389 million twelve months earlier. Mobile subscriptions accounted for 231.760 million customer accounts, with 61.9% of these being pre-paid users. In France, Orange reported that its subscription base reached 40.605 million, a 7.9% increase y-o-y, with 15.647 million of those subscribed to M2M.

Elsewhere, Orange reported subscription growth in the likes of Poland (where it claimed a user base of 17.306 million, up 9.5% y-o-y) and Spain (16.483 million, 3.6%). Africa and the Middle East contributed a total of 136.997 million subscriptions, an increase of 4.8% y-o-y. Orange’s consolidated fixed broadband subscription base climbed to 23.841 million by March 2022, an 8.1% improvement on the 22.054 million reported a year earlier, of which 12.792 million were fibre-to-the-home (FTTH)/cable subscriptions (89.820 million in 1Q21). Fixed LTE and other technologies accounted for 2.377 million subscriptions (2.004 million in March 2021).

Christel Heydemann, CEO of Orange Group, said: ‘Having taken on my role as CEO a few weeks ago, it’s with pride and enthusiasm that I take on the challenges that lie ahead and to continue to build Orange into a digital world leader. In this first quarter, Orange has once again delivered a solid performance with higher revenues, improved margins and the confirmation that we’re on track to achieve our 2022 targets in spite of the particularly uncertain environment. We continue to reap the benefits of our European fibre and 5G network leadership with a 2% rise in our retail sales growth in these first three months. We now have 11.6 million convergent customers in Europe and over half of Orange’s fixed broadband customers in France are now fibre connected – a landmark achievement on which we will continue to build.’

France, Orange Group