Earnings before interest, taxes, depreciation and amortisation will be in a range of €11.9 billion to €12.1 billion, a decrease of as much as 2.4 per cent from a year earlier, when earnings fell 3.6 per cent. Fourth-quarter revenue slipped 1.6 per cent to €10 billion.
Orange Group Chairman and CEO Stéphane Richard said the company’s strategy of differentiation through investment in very high-speed broadband and the quality of its networks and services had paid off, particularly in France, where fibre and 4G attracted many customers.
He said the company continued to optimise its international footprint as part of a strategy of selective M&A. “In Spain, a market which is moving massively towards fixed and mobile convergence, the acquisition of Jazztel will allow us to create the second fixed broadband operator and one of the most dynamic players in mobile. In the United Kingdom, our agreement with BT for the sale of EE values our success in creating the country’s leading mobile operator with Deutsche Telekom,” he added, suggesting that the results confirmed our strategic choices and gave it the means to pursue its investments, in particular in very high-speed broadband networks, so that it could strengthen its leadership even more.
Richard said he would address these points in more detail on March 17th when Orange presented its new strategic plan up to 2020.