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Orange targets return to EBITDA growth in 2016
2016-02-16 08:21:00| Telecompaper Headlines
(Telecompaper) Orange stabilised its adjusted EBITDA in 2015 and said it aims for a return to growth in 2016. The company reported a result of EUR 12.43 billion for the year, up 0.1 percent on an organic basis and 1.9 percent higher on a reported basis. The figure was better than Orange's outlook for EBITDA of at least EUR 12.3 billion. Revenues were still down 0.1 percent on an organic basis to EUR 40.24 billion, amid declines in France, Spain and Poland. Net profit more than doubled, to EUR 2.96 billion from EUR 1.23 billion, thanks to lower taxes and results from the UK venture EE. Orange attributed the improved results to investments in networks, with capex up 9.3 percent to EUR 6.49 billion. The company also confirmed its annual dividend at EUR 0.60 per share and said it aims to pay the same amount next year. Orange said its talks with Bouyges Telecom an a potential merger in France are ongoing and will take several weeks yet to reach an agreement.
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Category:Telecommunications