Orange continued to improve its financial performance in the first quarter as sales and earnings rose.
Like-for-like revenues rose 0.8 percent year-on-year to €10 billion, driven by the France-based operator’s performance in the rest of Europe.
Sales in its home market were flat at €4.4 billion, despite a 5.5 percent rise in fixed broadband services, but rose 4.5 percent to €2.7 billion in the rest of the continent.
Spain was the best performing opco, with revenues up 8.5 percent as sales of converged fixed and mobile offerings jumped 12 percent. The operator has 3.1 million such customers in Spain, an increase of 6.5 percent.
Orange’s subsidiaries in central Europe, notably Moldova and Romania, saw sales increase by over three percent, in part due to strong mobile equipment revenues.
Elsewhere, the Africa and Middle East region delivered revenue growth of 0.7 percent as sales of Orange Money rocketed 64 percent.
The financial services offering now has 30.8 million customers, although only 9.1 million are described as “active”.
Orange’s enterprise division saw sales decline two percent due to a “pronounced downturn” in traditional telephony.
Across the board, the number of mobile customers rose by 12.7 million to reach 203.5 million, while the fixed broadband subscriber base climbed by one million to reach 19 million.
Revenue growth pushed EBITDA up two percent to €2.6 billion, while Orange attributed €9 million of capex to its new mobile banking service, which is set to launch in July.
Stéphane Richard, Chairman and CEO of the Orange Group (pictured above), said: "The first quarter confirms the improvement in the 2016 trend.
“Revenues are growing, driven by solid commercial performances, particularly in France, Spain and Poland.
“The strategy Orange has pursued over a number of quarters, centred on convergence around the home, the best connectivity in the market due to our sustained investment, and an unparalleled customer experience, is bearing fruit.”