Orange CEO Stéphane Richard celebrated a new contract and hailed a “remarkable year” as annual revenues rose in France for the first time since 2009.
The operator saw revenues jump 1.2 percent to €41.09 billion last year on a like-for-like basis, while EBITDA grew 2.2 percent to €12.82 billion.
This led to Richard being given another four years at the helm, with the board saying in a statement that it was “convinced by the solid results achieved by [Richard] during the eight years he has spent as head of Orange.”
The latest full-year results were buoyed by the French market, where revenues rose 0.6 percent to €18.05 billion on the back of increased mobile and fixed sales, particularly in the fourth quarter.
Sales were up 3.9 percent to €11.03 billion in the rest of Europe last year, driven by Spain, where revenues rose over seven percent, while in Africa and the Middle East sales ticked up three percent to €5.03 billion.
Sales at the operator’s enterprise division, down one percent to €7.25 billion, provided the only blip.
Overall revenue growth boosted net income from continuing operations basis, which rose 109 percent to €2.11 billion, as well as EBITDA.
However, reported net income fell 34 percent to €2.14 billion due to a negative comparison with the operator’s sell off of EE in 2016.
Across all its operations, Orange added 9.98 million customers to reach 272.81 million at the end of 2017.
Mobile customer numbers rose by 10.07 million to 211.42 million, with 46 million customers now signed up to 4G, but the fixed subscriber base declined by 943,000.
Orange Bank, which launched last November, has now attracted nearly 100,000 customers.
Richard said: “The Group delivered an excellent commercial performance, driven by very high-speed broadband.
“This performance has translated into solid financial results.
“Our strategy, based on sustainable value creation, is delivering.”