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Orange: targets growth in adjusted EBITDA through to 2020.

(CercleFinance.com) - At its 2017 Investor Day, Orange announced that it expects growth of around 2% in its adjusted EBITDA in 2017, followed by acceleration in this growth rate in 2018.
Adjusted EBITDA will grow in 2019 and 2020.

The telecom operator also expects renewed growth in operational cash flow (adjusted EBITDA minus Capex) in 2017, followed by acceleration in the growth rate in 2018. Operational cash flow will increase in both 2019 and 2020.

Finally, the group aims to maintain an adjusted net debt/EBITDA ratio of telecom activities around twice in the medium term, and will pay an annual dividend of at least 0.65 euro per share for the years 2017 to 2020 (subject to shareholder approval).

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