Quite a solid and better than expected set of results for Orange Belgium in Q4 with revenues and EBITDA up respectively by 4.8% yoy and 5.5%. As for 2020, the group expects low-single digit revenue growth while the EBITDAaL should stand between €310m and €330m (vs. €300m in 2019). It will propose a dividend of €0.6 for 2019, up by 20% yoy. And we believe it could propose €0.7 in one year. We maintain our Add on the stock.
06 Feb 2020
A good set of results in Q4
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A good set of results in Q4
Orange Belgium SA (OBEL:BRU) | 0 0 0.0%
- Published:
06 Feb 2020 -
Author:
Jean-Michel Salvador -
Pages:
3
Quite a solid and better than expected set of results for Orange Belgium in Q4 with revenues and EBITDA up respectively by 4.8% yoy and 5.5%. As for 2020, the group expects low-single digit revenue growth while the EBITDAaL should stand between €310m and €330m (vs. €300m in 2019). It will propose a dividend of €0.6 for 2019, up by 20% yoy. And we believe it could propose €0.7 in one year. We maintain our Add on the stock.