Orange 2019 Profit Soared
February 13 2020 - 2:27AM
Dow Jones News
By Olivia Bugault
Orange said Thursday that 2019 net profit soared, while it
confirmed its objectives for 2020.
Net profit in 2019 rose more than 50% to 3.01 billion euros
($3.28 billion), the French telecommunication company said.
Revenue came in at EUR42.24 billion from EUR41.99 billion a year
earlier on a comparable basis, Orange said. Revenue in the fourth
quarter was EUR11.09 billion.
Orange said that its performance was driven by a strong momentum
in its Africa and Middle East unit, which grew 6.2%, and solid
results in Europe.
Earnings before interest, taxes, depreciation and amortization
after leases, or EBITDAaL, came at EUR12.86 billion in 2019.
The company confirmed it will propose a dividend of EUR0.70 per
share for 2020 at its general meeting and that it still expects
EBITDAaL to be "flat positive" in 2020
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
February 13, 2020 02:12 ET (07:12 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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