Financial Targets
September 24 2002 - 8:27AM
UK Regulatory
RNS Number:5618B
Orange S.A.
24 September 2002
Orange confirms its accelerated financial targets for 2002
Orange today confirmed the accelerated financial targets for 2002 that it
announced with its interim results on 13th September.
Orange now expects 2002 EBITDA to be Euro4.7 billion, a 43% increase over 2001 and
a 10 percentage point uplift on the target announced in March this year. The
company also expects its peak funding requirement to be no more than Euro8 billion,
Euro2 billion less than the previous target. Orange is targetting 15% revenue
growth over 2001, although the level of new customer growth in maturing markets,
and hence handset sales, may make that slightly challenging.
Speaking at an industry conference in London this morning Jean-Francois Pontal,
Chief Executive said:
"The success of Orange's strategy is demonstrated by the extent to which we are
now ahead of any forecasts made at the time of our flotation. We increased our
financial targets when we announced our full year results in March and we have
increased these targets again. This is a clear demonstration of how far Orange
is ahead and the extent to which our strategy is delivering."
"the Future's bright, the future's Orange"
For further information please contact:
Orange SA Tel: 00 44 (0) 20 7984 1691
David Smyth, Group Director of Strategic and Investor Services
Katie Evans, Investor Relations Manager
Amelie Condroyer, Investor Relations Manager
Harriet Finney, Investor Relations Manager
Orange Media Centre Tel: 00 44 (0) 207984 2000
Denise Lewis, Group Director of Corporate Affairs
Citigate Dewe Rogerson Tel: 00 44 (0) 20 7638 9571
Anthony Carlisle Tel: 00 44 (0) 7973 611 888
This information is provided by RNS
The company news service from the London Stock Exchange
END
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