Orange 3Q Revenue Fell Despite Record Mobile Sales in France
26 Ottobre 2017 - 08:33AM
Dow Jones News
By Marc Navarro Gonzalez
Orange SA (ORA.FR) third-quarter revenue decreased slightly
despite record mobile sales in France, the company said on
Thursday.
Sales fell 0.5% to 10.27 billion euros ($12.10 billion) in the
three months ended Sept. 30, Orange said. The figure fell short of
a consensus forecast of EUR10.31 billion provided by FactSet.
Adjusted earnings before interest, taxes, depreciation and
amortization rose 0.7% to EUR3.62 billion, driven by improvements
in Spain and Central European countries, Orange said.
The company said its revenue in France rose 0.2% to EUR4.53
billion in the quarter, helped by increasing sales from mobile
services. Orange said that in its domestic market, it added 320,000
net new mobile contracts in the quarter.
The telecommunications company confirmed its full-year target of
posting a higher adjusted Ebitda in 2017 than it did in 2016. It
also said it plans to propose a dividend of EUR0.65 a share.
Write to Marc Navarro Gonzalez at
marc.navarrogonzalez@dowjones.com
(END) Dow Jones Newswires
October 26, 2017 02:18 ET (06:18 GMT)
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