Orange: FY 2018 net income up 6%
(CercleFinance.com) - (CercleFinance.
com) -Orange has published FY 2018 consolidated net income that is up 5.8% at 2,158 million euros, with the group set to propose a dividend of 0.70 euro per share for 2019, with the payment of an interim dividend of 0.30 euro in December this year.
The telecoms operator reported adjusted EBITDA that is up 2.7% at 13 billion euros, driven by revenue that is up 1.3% at 41.4 billion dollars and its operational efficiency plan, which generated gross savings of 3.5 billion euros in 2015-2018.
The application of the IFRS16 standard from 2019 has led Orange to change its indicators, although it does not change its targets. For 2019 the group therefore forecasts operating cash flow that will be up relative to previous year on a comparable basis.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
com) -Orange has published FY 2018 consolidated net income that is up 5.8% at 2,158 million euros, with the group set to propose a dividend of 0.70 euro per share for 2019, with the payment of an interim dividend of 0.30 euro in December this year.
The telecoms operator reported adjusted EBITDA that is up 2.7% at 13 billion euros, driven by revenue that is up 1.3% at 41.4 billion dollars and its operational efficiency plan, which generated gross savings of 3.5 billion euros in 2015-2018.
The application of the IFRS16 standard from 2019 has led Orange to change its indicators, although it does not change its targets. For 2019 the group therefore forecasts operating cash flow that will be up relative to previous year on a comparable basis.
Copyright (c) 2019 CercleFinance.com. All rights reserved.