Arab Today, arab today frances orange posts steep earnings drop but hits targets
Last Updated : GMT 06:58:51
Arab Today, arab today
Arab Today, arab today

France's Orange posts steep earnings drop but 'hits targets'

Arab Today, arab today

Arab Today, arab today France's Orange posts steep earnings drop but 'hits targets'

France's Orange
Paris - AFP

France's telecoms giant Orange posted a nearly 50 percent drop in earnings last year to 1.22 billion euros ($1.38 billion) from 2013 in a crowded market.
The decrease in net income was "principally due to the impact of specific items unrelated to operating performance," Orange said in a statement.
Financial director Ramon Fernandez said the group invested 5.6 billion euros in 2014, or 14.3 percent of its turnover, compared with 13.7 percent in 2013.
"For the whole of the year, revenues were 39.4 billion euros, down 2.5 percent" on a comparable basis, he said in a conference call with reporters, adding that the group had "reached all its targets".
The former state-owned monopoly reined in its debt from 30.7 billion euros to 26 billion euros, Fernandez noted.
"High-speed broadband is a growth engine in Europe" as well as an opportunity to recapture market share, he said, adding that Orange aimed to position itself as a leader in high-speed broadband and quality of service.
At the end of the year Orange counted 3.7 million 4G subscribers and passed the four million mark early this month.
The group is France's leading cell phone operator and its 256,000 sales in the fourth quarter of 2014 amounted to "our best quarterly performance since 2008", Fernandez said.
In Spain, Orange will spend 3.4 billion euros to acquire telecom operator Jazztel, while in Britain the group will gain 4.6 billion euros from the sale of EE, a British mobile phone brand operated jointly by Orange and Deutsche Telekom of Germany, to BT.
The deal is subject to an in-depth anti-trust probe by the European Commission to see if it distorts the market and undercuts customer choice.
Orange plans to pay out a dividend of 60 euro cents per share for 2014 and again this year, Fernandez said.
Orange CEO Stephane Richard will unveil a five-year strategic plan on March 17.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today frances orange posts steep earnings drop but hits targets Arab Today, arab today frances orange posts steep earnings drop but hits targets

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today frances orange posts steep earnings drop but hits targets Arab Today, arab today frances orange posts steep earnings drop but hits targets

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday