© Stocksak. FILEPHOTO: A woman walks past Orange’s logo at the headquarters for French telecom company in Issy -les-Moulineaux (near Paris), France, August 6, 2022. REUTERS/Sarah Meyssonnier
PARIS (Stocksak), France’s largest telecoms operator, reported that its third quarter core operating profits increased by 0.2% compared to a year ago. This was mainly due to Orange’s cost savings plan and unexpected growth in Spain.
Earnings before interest and tax, depreciation, amortisation after leasings (EBITDAaL), were 3.58 billion Euros ($3.5 billion). This was consistent with the 3.586-billion-euro average of 16 analyst estimations compiled by the company.
The group confirmed its full year targets, including a growth of core operating profits between 2.5% – 3%.
The second-largest market for Orange, Spain, saw sales grow 0.2% in the third quarter. Analysts had expected a decline of 2.8% in the third quarter.
($1 = 1.0129 euros)