As in the previous quarter (+0.4% yoy), Q3 revenues rose organically by 0.6% yoy (excluding regulatory measures) after falling by 0.3% in Q1. They were slightly better than expected and confirm the gradual improvement in Orange’s activities, in particular in France and Spain. Note that the full consolidation of Jazztel in Spain and Meditel in Morocco contributed €430m in term of revenues (corresponding 4.4% of Orange's global revenues). The good news is that EBITDA grew by 1.2% yoy
23 Oct 2015
An important inflection point in growth
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An important inflection point in growth
Orange SA (ORA:WBO) | 0 0 1.0% | Mkt Cap: 36,230m
- Published:
23 Oct 2015 -
Author:
Jean-Michel Salvador -
Pages:
2
As in the previous quarter (+0.4% yoy), Q3 revenues rose organically by 0.6% yoy (excluding regulatory measures) after falling by 0.3% in Q1. They were slightly better than expected and confirm the gradual improvement in Orange’s activities, in particular in France and Spain. Note that the full consolidation of Jazztel in Spain and Meditel in Morocco contributed €430m in term of revenues (corresponding 4.4% of Orange's global revenues). The good news is that EBITDA grew by 1.2% yoy