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Orange sales growth slows in Q2 on lower roaming revenue
2016-07-26 08:14:00| Telecompaper Headlines
(Telecompaper) Orange reported comparable sales flat year-on-year in the second quarter, at EUR 10.07 billion, as a recovery in Spain and customer growth was offset by the negative impact of the roaming price cuts in Europe and slower growth in Africa. On a reported basis, sales rose 1.9 percent, and adjusted EBITDA was up 2.3 percent to EUR 3.34 billion. EBITDA was also flat on a comparable basis, excluding currency effects, divestments and acquisitions, and the margin was unchanged year-on-year at 33.2 percent. Orange's operating profit fell 0.8 percent to EUR 1.33 billion, while capital expenditure increased 15.4 percent to EUR 1.71 billion or 17 percent of revenue.
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Category:Telecommunications