PRESENTATION OF INFORMATION
The financial information presented in this Report on Form 6-K, including the Exhibits attached hereto, is unaudited, unless otherwise noted. In particular, the financial information (i) drawn from the unaudited condensed consolidated financial statements for the six months ended June 30, 2019 and 2020, (ii) with respect to the three month and nine month periods ended September 30, 2019 and 2020, and (iii) for any dates subsequent to September 30, 2020 is unaudited.
CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS
As used herein, the terms “Orange,” “Orange Group,” the “Group,” “we,” “our,” “ours” and “us,” unless the context otherwise requires, refer to Orange together with its consolidated subsidiaries, and the “Company” and “Orange S.A.” refer to the parent company, a French société anonyme (corporation), without its subsidiaries.
This Report on Form 6-K, including the Exhibits attached hereto, contains forward-looking statements (within the meaning of Section 27A of the U.S. Securities Act of 1933 (the “Securities Act”) or Section 21E of the U.S. Securities Exchange Act of 1934 (the “Exchange Act”)), including, without limitation, certain statements made in Exhibit 99.1 and Exhibit 99.3 attached hereto. Forward-looking statements can be identified by the use of forward-looking terminology such as “should”, “could”, “would”, “will”, “expect”, “consider”, “confirm”, “believe”, “anticipate”, “suggest”, “pursue”, “foresee”, “plan”, “predict”, “benefit”, “carry out”, “meet”, “increase”, “exceed”, “preserve”, “optimize”, “control”, “intend”, “continue”, “maintain”, “invest”, “be aimed at”, “strategy”, “objective”, “prospects”, “outlook”, “trends”, “aim”, “change”, “intention”, “ambition”, “risk”, “potential”, “implementation”, “roll-out”, “commitment” or “progression” or similar expressions or the negative thereof or other variations thereof or comparable terminology, or by the forward-looking nature of discussions of strategy, plans or intentions. Although Orange believes these statements are based on reasonable assumptions, these forward-looking statements are subject to numerous risks and uncertainties, including matters not yet known to Orange or not currently considered material by Orange, and there can be no assurance that anticipated events will occur or that the objectives set out will actually be achieved.
Important factors that could cause actual results to differ materially from the results anticipated in the forward-looking statements include, among others:
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A significant portion of Orange’s revenues is generated in highly competitive markets where pricing pressure is strong and regulatory decisions are a determining factor.
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High concentration among Orange’s critical suppliers creates a risk for the Group’s business.
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Orange’s large geographic footprint and the scope of its activities expose it to diverse geopolitical, macroeconomic, societal and regulatory risks. In particular, the impact that the coronavirus (COVID-19) pandemic may continue to have on Orange’s business and results of operations is highly uncertain and could vary among Orange’s different markets. COVID-19 could have a material impact on the Group’s results of operations and may exacerbate many of the known risks described elsewhere in this document, its Exhibits and in the Annual Report on Form 20-F for the year ended December 31, 2019 (the “2019 Annual Report on Form 20-F”).
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Orange operates in highly regulated markets and its business activities and results could be materially affected by legislative or regulatory changes, including those with extraterritorial scope, or by changes in government policy in various jurisdictions.
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In particular in the event of a cyber-attack, Orange is exposed to risks of disclosure, misappropriation or inappropriate modification of personal data, in particular customer data and stakeholder data. These risks have increased due to the Group’s diversification into mobile financial services.
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Orange is faced with increasing demand for connectivity and must therefore accelerate the deployment of networks while improving the quality of service, but such investments are constrained by the availability of resources.
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The development of mobile financial services exposes Orange to risks inherent to this sector.
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Orange is exposed to the risk of an interruption of its services.
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