Orange: Q1 LFL revenues up 2%

(CercleFinance.com) - Orange has published Q1 2018 revenues of 10,082 million euros, up 1% on a historical basis and up 2% like-for-like, driven by France (+2.
1%), Spain (+4.3%) and Africa-Middle East (+6.2%).

At 2,605 million euros, Q1 2018 adjusted EBITDA confirmed the positive trend seen in FY 2017. At the group's telecom businesses, adjusted EBITDA rose by +4.4% and the group's EBITDA margin improved by 0.6 point to 26.1%.

Orange has confirmed its targets for 2018, including higher growth in adjusted EBITDA than in 2017 on a comparable basis, and an increase in operating cash flow, which is also higher than in the previous year on a comparable basis.


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