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Orange confirms dividend as H1 results fall
2013-07-25 08:45:00| Telecompaper Headlines
(Telecompaper) Orange has confirmed it will pay an interim dividend and said it's on track to meet its full-year targets. Of the EUR 0.80 per share in dividends promised for this year, the company will pay EUR 0.30 for the first half. The company achieved 57 percent of its annual targeted operating cash flow in the first half already, with a result down 12.8 percent from a year earlier at EUR 3.96 billion. Orange also maintained its forecast for net debt at about 2.2 times EBITDA by the end of this year, after a result of 2.1 in the first half, and said it had already achieved most of its EUR 600 million in targeted cost reductions for this year. EBITDA was still down 8.4 percent in the first half to EUR 6.417 billion, and the margin dropped 0.9 percent points from a year ago to 31.1 percent. Revenues fell 5.7 percent to EUR 20.60 billion, with only Spain showing positive growth of 1.3 percent. Sales in France were down 6.9 percent, Poland fell 7.2 percent, Enterprise dropped 5.5 percent and the rest of the world declined 6.4 percent. In the second quarter, the picture was little better, with group revenues down 5.5 percent and EBITDA falling 7.8 percent, down in part due to the sale the Swiss activities. The group reported a net profit of EUR 1.209 billion for the first half, down by EUR 700 million from a year earlier. Capex was largely stable in H1, at EUR 2.46 billion or 11.3 percent of revenues.
Tags: results
fall
orange
dividend
Orange 1H net income falls 38% on year
2013-07-25 02:00:00| Total Telecom industry news
Incumbent's domestic ARPU falls 12.1% amid ongoing price war.
PRESS RELEASE: Alzheimer's Association of Orange County, CA Purchases New Headquarters for $5.1M
2013-07-24 19:02:00| National Real Estate Investor
Alzheimer's Association of Orange County Alzheimers Association today announced that it has purchased a $5.1 million office building to serve as the new Orange County headquarters. Facing the I405 freeway in Irvine at 2515 McCabe Way, the 30,000squarefoot building will house the organizations staff and act as a focal point for all services, offered at no cost to those affected by Alzheimers in Orange County. read more
Tags: press
release
county
association
Orange to invest 30m in Dailymotion to boost sales
2013-07-23 02:00:00| Total Telecom industry news
CEO Stephane Richard targets 100m in sales at French video-sharing Website by 2016.
Tags: sales
orange
invest
boost
Hyundai Cancer Institute to open tomorrow in Orange County
2013-07-23 00:11:28| Auto Dealers - Topix.net
Hyundai vehicles are enjoying an increasing presence in Los Angeles and many other regions throughout the US.
Tags: open
county
institute
orange
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