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Orange Observes Its Outcomes Spoiled By Its Spanish Branch

The operator continues to suffer the repercussions of the health crisis but still manages to limit the breakage during a first quarter marked by new containment measures.
The health crisis continues to weigh on Orange's results. The incumbent operator has just published quarterly results marked by a further pronounced drop in its turnover in Spain, its second market, where its revenues contracted by 7.4% in one year in the first quarter of 2021. For the financial director of the operator, Ramon Fernandez, the return to normal will not take place before 2022 on the other side of the Pyrenees, where the market is "very competitive and fragmented".
The growth of the group, which saw its revenues increase by 0.5% over one year, to 10.3 billion Euros, is largely driven by Africa and the Middle East, "which achieved their best performance during a first quarter for 10 years ”, with a turnover up 7.1% over one year.
“Despite the effects of the health crisis, which were still noticeable in the first quarter, the group is showing resistance and managing to maintain its growth in turnover and stabilize its EBITDA. The turnover is supported by the remarkable performances in Africa and the Middle East, where growth exceeds 7% and where Orange passes the milestone of 130 million mobile customers ”, noted the CEO of Orange, Stephaney Richard , highlighting the operator's good performance in the rest of Europe.

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In France, the historical operator recorded a decline of 0.2% of its turnover, while its operating profit was down 0.3%, to 2.5 billion Euros. In France, the operator can boast of "very solid commercial performance" and a "new record of net FttH sales for a first quarter", with nearly 5 million fiber subscriptions, says his boss. In total, the group has 11.13 million customers in various services, an increase of 2.8% over one year. The operator has 78 million mobile subscribers, a figure up 0.9% over one year.
In the business market, where competition is increasingly pressing, the operator's B to B branch recorded an increase in its revenues of around 0.4% over one year. This performance owes above all to the growth posted by Orange Cyber defense, whose turnover jumped 16% over one year. According to its forecasts, the group confirmed its annual objectives, in particular a slight decline in operating profit and an organic cash flow from telecoms activities in excess of 2.2 billion Euros.
Note that Orange Bank, which is currently sailing on sight since Groupama's announced departure from its capital, has nevertheless recorded the arrival of 300,000 professional clients. The Orange-stamped neobank now has 1.5 million customers in Europe and more than 500,000 in Africa.