PARIS (Agefi-Dow Jones)–The telecommunications operator Orange confirmed on Tuesday that it is aiming for an increase in its adjusted gross operating surplus (Ebitdaal) on a comparable basis in 2022, while this indicator has, as expected, increased more quickly. than the turnover in the first quarter.
“In a context marked by the resurgence of inflation, the group is taking all corrective measures to confirm its financial objectives for 2022, a step towards achieving its 2023 commitments,” Orange said in a press release.
The telecom operator is still planning for this year an Ebitdaal, which is the main indicator of its profitability, up 2.5% to 3% on a like-for-like basis, an organic cash flow from telecoms activities of at least 2.9 billion euros and investments (eCapex) not exceeding 7.4 billion euros.
Over the first three months of the year, Orange’s Ebitdaal increased by 1% on a like-for-like basis, to 2.62 billion euros. At the same time, Ebitdaal from telecoms activities came to 2.65 billion euros, an improvement of 0.9%. The group’s managers have also confirmed their ambition to maintain the net debt to Ebitdaal ratio of telecoms activities around the medium term.
Quarterly turnover increased by 0.7% on a year-on-year basis, to 10.58 billion euros, “driven by Africa & the Middle East (+8.7%)”, underlined Orange. On the occasion of this publication, the group indicated that Totem had achieved during the first quarter a turnover of 161 million euros, an improvement of 12.2%. This is the first time that Orange has published the sales of its mobile telecommunications network infrastructure company in Europe. The operational launch of Totem took place in November 2021.
These performances are broadly in line with analysts’ forecasts. For the first quarter, according to a consensus provided by Orange, the 13 financial intermediaries questioned were counting on an Ebitdaal of 2.62 billion euros and on a turnover of 10.56 billion euros, at the midpoint .
In the first quarter, Orange’s investments (eCapex) decreased by 5.8% on a comparable basis, 1.61 billion euros, due to the catch-up effect that occurred in the first quarter of 2021, Orange said. . Analysts expected this indicator 1.67 billion euros, according to the consensus.
The operator’s operating cash flow, corresponding to Ebitdaal less eCapex, grew by 13.9% like-for-like, to 1.01 billion euros.
-Dimitri Delmond, Agefi-Dow Jones; +33 (0)1 41 27 47 31; [email protected] ed: VLV
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April 26, 2022 01:38 ET (05:38 GMT)