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France Telecom Q4 sales down 4.5%, EBITDA falls 10%
2013-02-20 08:33:00| Telecompaper Headlines
(Telecompaper) France Telecom-Orange reported fourth-quarter revenues down 4.5 percent from a year earlier to EUR 10.92 billion, hurt by a continued contraction in the French market. Adjusted EBITDA declined 9.7 percent to EUR 3.14 billion, and the margin was down 1.7 percent to 28.7 percent. Capex increased 3.9 percent to EUR 2.12 billion, and operating cash flow was 29 percent lower at EUR 1.02 billion. Over the full year, cash flow of EUR 7.97 billion just met the operator's outlook for at least EUR 8 billion, and it reiterated a goal of at least EUR 7 billion for 2013. FT confirmed the total dividend will be at least the same amount in 2013 as last year, at EUR 0.80. The group's net profit fell to EUR 820 million in 2012 from EUR 3.895 billion in 2011, hurt by some EUR 1.84 billion in impairment charges on operations in Poland, Spain and Romania. For the year ahead, the company will focus on reducing costs across the group and generating at least 10 percent of revenue from mobile data services. In France, the aim is to maintain the mobile market share above 35 percent and reach 4G coverage of 30 percent of the population. In Europe, the group will focus on convergent offerings in seven countries and launch at least six network-sharing projects, while also improving its Net Promoter Score in all countries. In Africa and the Middle East, the company targets 8 million Orange Money customers by year-end, 12 million devices compatible with data services (+70%) and a 20 percent reduction in the mobile churn rate.
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Category:Telecommunications