Telecoms group Orange claims Spain saw growth in Q3, confirms targets by Stocksak

© 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)

News Source and Credit

Stocksak Editorial

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