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.”

Read more: HBO, Orange set to co-produce content in France

More News

Iliad enters content game in France, finally launches Italian mobile business Iliad enters content game in France, finally launches Italian mobile business Iliad has acquired football rights in France and launched its opco in Italy as it looks to reboot after a disappointing set of financial results. More detail
Three UK appoints new CCO, CFO Three UK appoints new CCO, CFO The departure of Three UK's Chief Commercial Officer after just 18 months in the job has triggered a shake-up of the mobile operator's top team. More detail
TalkTalk to sell enterprise customer base to Daisy as it registers full-year loss TalkTalk to sell enterprise customer base to Daisy as it registers full-year loss TalkTalk has agreed to sell 80,000 business customers to rival Daisy Group in a £175 million deal. More detail
A1 Telekom Austria Group rebrand reaches Bulgaria A1 Telekom Austria Group rebrand reaches Bulgaria Bulgaria is the third A1 Telekom Austria Group opco to get rebranded as the telco looks to market itself as a provider of "advanced" IT, IoT, cloud and content services. More detail
Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services has expanded its work with Dobroflot by developing a customised IoT solution for the Russian fishing company. More detail
    

 

European Communications is now
Mobile Europe and European Communications

  

From June 2018, European Communications magazine 
has merged with its sister title Mobile Europe, into 
Mobile Europe and European Communications.

No more new content is being published on this site - 

for the latest news and features, please go to:
www.mobileeurope.co.uk 

 

@eurocomms