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Orange sees drop in EBITDA slowing in 2015
2015-02-17 08:36:00| Telecompaper Headlines
(Telecompaper) Orange reported adjusted EBITDA down 9.6 percent to EUR 12.19 billion, in line with its outlook for a figure of EUR 12.1-12.5 billion. The margin was stable at 30.9 percent. Revenues fell 3.7 percent to EUR 39.445 billion, with weakness across all the operator's main markets. Orange saw a small recovery in the last quarter of the year, when the drop in sales slowed to 1.9 percent. Excluding regulatory effects, revenues were unchanged year-on-year in Q4, led by an improving performance in France, Poland and Spain. Orange's net profit was still down sharply in 2014, to EUR 925 million from EUR 1.87 billion in 2013, due to restructuring charges and settling legal disputes in France. Capital expenditure was largely stable last year, at EUR 5.70 billion or 14.7 percent of revenue. Net debt fell by EUR 4.64 billion in the year to EUR 26.09 billion. Orange forecast a further fall in adjusted EBITDA in 2015, to EUR 11.9-12.1 billion. It will continue to focus on reducing costs in order to offset pressure on revenues. The operator aims to maintain its dividend at EUR 0.60 per share in 2015.
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Category:Telecommunications