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Orange grows underlying revenue 0.6% in Q1
2016-04-26 08:10:00| Telecompaper Headlines
(Telecompaper) Orange reported a third consecutive quarter of revenue growth in Q1, driven by improving results in Spain, Belgium and Africa. Reveneus for the three months totalled EUR 10.009 billion, up 0.6 percent on a comparable basis and 3.5 percent higher on a reported basis. Orange reported adjusted EBITDA down 1.6 percent on a comparable basis to EUR 2.569 billion. Excluding the impact of an employee shares programme, Orange said the result was up 0.3 percent. The company maintained its outlook for growth in full-year EBITDA. Capital expenditure rose 10.4 percent year-on-year to EUR 1.457 billion or 14.6 percent of revenue, in line with the increased investment planned under the Essentiels2020 programme.
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Category:Telecommunications