Friday, May 1, 2020
Orange Reports Robust Results Despite Crisis
Orange Group reported a 1% year-on-year rise in revenues for the first quarter to 10.4 billion euros on a like-for-like basis. Revenues in Africa and Middle East grew by 6.2%, and in France by 0.5%. Enterprise revenues grew by 0.8% and Europe by 0.3%. Spain revenues declined by 2.4%.
The Paris-based group said: "Based on currently available information, Orange does not expect a significant deviation from its financial objectives for the fiscal year 2020, but will closely monitor developments."
Stéphane Richard, CEO of the Orange Group, added: “The importance of telecoms in this crisis in ensuring the continued functioning of the economy and of our societies confirms the strategic nature of our activities and provides further confirmation for our strategy in very high-speed networks. Our fibre deployment continues to accelerate with close to 40 million households now connectable to the fibre optic network, underpinning our strong commercial performance. In this quarter the number of fibre customers reached 7.8 million, up 20%." source: Orange statements
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