Orange reports revenue growth for third consecutive quarter
Multinational telecoms giant Orange Group has published its financial results for the three months ended 31 March 2016, claiming to have continued its strong commercial performance trend of the previous quarters. In the period under review, the France-based company generated a total turnover of EUR10.009 billion (USD12.4 billion), a marginal 0.6% increase year-on-year.
The group reported a drop in revenues at its units in France (down 0.7%) and Poland (4.2%), which was partly offset by strong growth in Africa and Middle East (up 4.4%), led by Cote d’Ivoire, Egypt, Mali and Guinea. Restated EBITDA for Q1 2016 stood at EUR2.569 billion, down 1.6% on a comparable basis from EUR2.611 billion in the year-earlier period, with a margin of 25.7% (down from 26.2%).
Capital expenditures in the quarter under review totalled EUR1.457 billion, up 10.4% from EUR1.320 billion a year earlier.