Q3 Revenue&Customer Figs-Amdt
October 29 2002 - 2:40AM
UK Regulatory
RNS Number:0539D
Orange S.A.
29 October 2002
The Q3 Revenue & Customer Figures announcement released today at 07:00 under RNS
No. 0489D, should have been issued under the Company name of Orange S.A. and not
under the Company name of Orange PLC.
The announcement text is unchanged and is reproduced in full below.
29 October 2002
CUSTOMER AND REVENUE GROWTH
FOR NINE MONTHS TO END SEPTEMBER
Continued Strong Growth in Customers and Revenues
Continued Positive Trends in Average Customer Revenues
London and Paris 29 October 2002: Orange today announced further strong
performance in revenue and customer growth for the nine months ended 30
September 2002.
* Customers: Group customer base up 2.5 million in the first nine months
of the year to 43.2 million:
- continued focus on contract growth
- strengthened market leadership in France
- Rest of World customer base up 826k to 11.4 million
* Revenues: strong performance in revenue growth:
- recurring network revenues up 15.4% year on year to Euro11.5 billion
- 12.8% increase in total revenues to Euro12.5 billion
* Annual average revenues: first year on year increase in UK annual
average revenues:
UK: overall annual average revenue per user up 3.2% year on year to
#258 (strongest ever quarterly increase)
- voice average revenue per user up 1.4% compared to previous
quarter to #222
- contract ARPU up 2.0% on Q3 2001 to #560 and prepay ARPU up 2.5%
to #124
France: significantly reduced rate of decline in average revenues:
- overall annual average revenue per user falls 3.8% year on year
to Euro380 (smallest ever quarterly decline)
- contract ARPU down 2.6% on Q3 2001 to Euro566 and prepay ARPU down
5.1% to Euro166
* Non-voice: momentum building:
- group non-voice revenues reach Euro1,203 million. Now represent
10.5% of group recurring network revenues
- in Q3 2002, non-voice services accounted for 14.2% of UK and 8.3%
of French recurring revenues
Graham Howe, Deputy Chief Executive Officer and Chief Operating Officer, said:
"Our results continue to demonstrate the strength, growth and increasing quality
of Orange's customer base. They also continue to show the enormous untapped
potential of our existing voice and non-voice services. What they can't yet
show is the impact of the new WirefreeTM devices and services we are rapidly
introducing - including picture messaging, email, instant messaging and the
ability to access your personal and business data bases, diary and emails
wherever you are, through Orange. As these services progressively become
ubiquitous, they will add to Orange's future growth and value, as well as
further changing the way people and organisations communicate."
"The future's bright, the future's Orange."
Customer and Revenue Growth for the Nine Months Ended 30 September 2002
Customers
Orange Group increased its total controlled customer base(1) by 2.5 million in
the nine months ended 30 September 2002 to 43.2 million, 12.6% higher than at
the end of September 2001.
Orange France(2) added 972k net new customers in the nine months to the end of
September 2002, including 170k net new customers in the third quarter,
increasing its total market share to 49.8% at the end of September 2002 (49.3%
at the end of June 2002 and 48.0% at the end of September 2001).
Orange France's registered customer base is now 18.8 million, 13.2% higher than
at the end of September 2001. Of the 18.8 million, 18.3 million customers
(97.4%) were active under the "Autorite de Regulation des Telecommunications" ("
ART") definition.
Orange France has 10.3 million registered contract customers, 54.6% of the base
(compared with 52.8% at the end of September 2001). For the first nine months of
2002, 84.8% of net growth was on contract tariffs, compared with 38.6% in the
same period last year.
Orange UK added 673k net new customers in the nine months to the end of
September 2002, including 258k net new customers in the third quarter alone,
taking its active customer base to 13.1 million at the end of September this
year. The proportion of contract customers in the base is now 31.7%, compared
with 29.6% at the end of September 2001.
As in France, this reflects the refocus towards higher value market segments,
56.9% of Orange UK growth in the first nine months of 2002 was on contract
tariffs (22.5% in the nine months ended September 2001).
Orange Rest of World operations also grew strongly, adding 826k net new
customers in the first nine months of the year, taking their combined customer
base(1) to 11.4 million, an 18.4% increase on September 2001.
Revenues
Group recurring network revenues(1) were up 15.4% to Euro11.5 billion for the nine
months ended 30 September 2002.
Including equipment sales revenues, group total revenues(1) were up 12.8% on the
first nine months of 2001 to Euro12.5 billion.
Orange France recurring network revenues grew 13.7% to Euro5.2 billion for the
period and Orange UK recurring network revenues grew 18.3% to Euro4.0 billion.
Rest of World recurring network revenues were Euro2.4 billion, up 15.2% compared to
the same period last year.
Average revenue per user ("ARPU")
Average customer revenues trends continued to support Orange's expectations of
the path to a wirefree future. In Q3 2002, Orange UK annual rolling blended
ARPU(3) showed its strongest ever quarterly increase and its first ever year on
year increase. The rate of decline also continued to reduce in France.
Orange UK overall annual average revenue per user increased 3.2% to #258 in the
third quarter of 2002, up from #250 (twelve months ended September 2001).
This reflected increases in average revenues for both contract and prepay
customers, as well as the improved mix of contract customers. Annual average
revenue per user on the contract base increased 2.0% from #549 at September 2001
to #560 at September 2002, while the prepay average moved from #121 at September
2001 to #124 at September 2002.
Average revenues for voice usage alone also increased. Overall voice annual
average revenue per user increased 1.4% in the quarter to #222 per customer,
while the contract voice average increased from #510 (twelve months ended June
2002) to #511 for the twelve months ended September 2002.
Orange France overall annual average revenue per user fell 3.8% to Euro380 for the
twelve months ended September 2002, from Euro395 (twelve months ended September
2001). The rate of decline continued to reduce significantly, and is expected to
continue towards inflection, helped by the improving customer mix. Annual
contract average revenues per user were Euro566 for the twelve months to the end of
September 2002, while average prepay revenues were Euro166 for the same period.
Non-voice revenues
Usage of non-voice services continued to grow, and contributed 14.2% of Orange
UK network revenues in the third quarter of the year (14.1% for Q2 2002 and
10.9% in Q3 2001). In France, non-voice usage represented 8.3% in Q3 2002 (7.7%
for Q2 2002 and 3.0% for Q3 2001).
For further information, please contact:
Orange SA
David Smyth
Group Director of Strategic and Investor Services + 44 (0) 20 7984 1691
Patricia Lefranc
Senior Investor Relations Manager + 44 (0) 7855 423 291
Orange Media Centre
Denise Lewis
Group Director of Corporate Affairs + 44 (0) 20 7984 2000
Niamh Byrne
Group Head of Global Media Relations + 44 (0) 7977 002 811
Citigate Dewe Rogerson
Anthony Carlisle (+44 (0) 7973 611 888) + 44 (0) 20 7638 9571
France Telecom
Bruno Janet + 33 (0) 1 44 44 88 71
Senior Vice President Group Corporate Information
Nilou Ducastel + 33 (0) 1 44 44 93 93
Group Press Director France Telecom
Selected information for the three months ended 30 September 2002 and 2001 and
nine months ended 30 September 2002 and 2001
Three months Nine months
ended 30 September ended 30 September
(millions of Euro) (millions of Euro)
2002 2001(1) 2002 2001(1)
pro forma pro forma
Total revenues (unaudited) (unaudited)
Orange France 1,980 1,786 5,616 4,963
Orange UK 1,549 1,386 4,419 3,953
Rest of World 1,012 880 2,638 2,252
Inter segment eliminations (57) (15) (130) (49)
Total 4,484 4,037 12,543 11,119
Note: MobiNil's total revenues are proportionately consolidated (71.25%) into
Rest of World's total revenues in Q3 2002 and in Q3 2001 on a pro forma basis.
As at 30 September
(in thousands)
2002 2001(1)
Customer base pro forma
Orange France 18,795 16,601
Orange UK 13,060 12,181
Rest of World 11,389 9,618
Total 43,244 38,400
Note: MobiNil's customer base is proportionately consolidated (71.25%) into Rest
of World's customer base in Q3 2002 and in Q3 2001 on a pro forma basis.
9 months ended 30 September
(in thousands)
2002 2001(1)
Customer net additions Pro forma
Orange France 972 2,290
Orange UK 673 2,347
Rest of World 826 2,050
Total 2,471 6,687
Note: MobiNil's customer net additions are proportionately consolidated (71.25%)
into Rest of World's net additions in Q3 2002 and in Q3 2001 on a pro forma
basis.
Selected information for the nine months ended 30 September 2002 and 2001
Key business indicators for France, the UK and our other principal subsidiaries
are set out below. ARPU numbers are stated on a rolling 12-month(3) basis.
Three months Nine months
ended 30 September ended 30 September
2002 2001 2002 2001
France
Customers (in thousands) (period end) 18,795 16,601
Contract 10,269 8,760
Prepay 8,526 7,841
Recurring network revenues (Euro in millions)(5) 1,840 1,643 5,211 4,583
Equipment and other revenues (Euro in millions) 140 143 405 380
Total revenues (Euro in millions) 1,980 1,786 5,616 4,963
Annual average revenue per user (Euro)(3) 380 395
Contract 566 581
Prepay 166 175
UK
Customers (in thousands) (period end) 13,060 12,181
Contract 4,144 3,606
Prepay 8,916 8,575
Recurring network revenues (Euro in millions)(5) 1,377 1,220 3,964 3,351
Equipment and other revenues (Euro in millions) 172 166 455 602
Total revenues (Euro in millions) 1,549 1,386 4,419 3,953
Annual average revenue per user (#)(3) 258 250
Contract 560 549
Prepay 124 121
Selected information for the nine months ended 30 September 2002 and 2001
Three months Nine months
ended 30 September ended 30 September
2002 2001(1) 2002 2001(1)
Rest of World data
The Netherlands - Dutchtone
Customers (in thousands) (period end) 1,027 1,154
Total revenues (Euro in millions) 105 100 296 274
Slovakia - Orange
Customers (in thousands) (period end) 1,615 981
Total revenues (Euro in millions) 80 60 227 166
Denmark - Orange
Customers (in thousands) (period end) 574 593
Total revenues (Euro in millions) 68 50 177 140
Romania - Orange
Customers (in thousands) (period end) 2,020 1,444
Total revenues (Euro in millions) 99 99 289 281
Belgium - Mobistar
Customers (in thousands) (period end) 2,220 2,400
Total revenues (Euro in millions) 262 225 740 627
Switzerland - Orange
Customers (in thousands) (period end) 1,040 881
Total revenues (Euro in millions) 185 150 508 438
Egypt - MobiNil (at 71.25%)
Customers(1) (in thousands) (period end) 1,519 1,323
Total revenues(1) (Euro in millions) 134 127 134 127
Other Countries
Customers (in thousands) (period end)(4) 1,374 842
Total revenues (Euro in millions) 79 69 267 199
Total Rest of World
Customers (in thousands) (period end) 11,389 9,618
Total revenues (Euro in millions) 1,012 880 2,638 2,252
Notes
(1) Basis of preparation:
All references or comparisons to financial or operating data in respect of the
nine months ended 30 September 2001 and three months ended 30 September 2001
relate to pro forma information prepared as if MobiNil, which was acquired from
France Telecom on 1 July 2002, had been part of the Orange group over the period
1 July 2001 to 30 September 2001.
MobiNil's financial and operating data are proportionately consolidated (71.25%)
into ROW and Orange group in Q3 2002 and in Q3 2001 on a pro forma basis.
(2) Orange France includes metropolitan France, Orange Caraibe
and Orange Reunion.
(3) Annual average revenue per user ("ARPU") is calculated by dividing
recurring network revenues (including outgoing traffic, incoming traffic, access
fees, visitor roaming and value added services) for the previous 12 months by
the weighted average number of our customers during the same period. The
weighted average number of our customers during a period is the average of the
monthly average customer bases for the period. The monthly average customer base
is calculated as the sum of the opening and closing customer bases for the month
divided by two. ARPU is quoted on a revenue per customer per year basis. Orange
France (mainland) does not currently receive revenues for voice calls from other
French mobile network operators for calls from their networks that terminate on
Orange France (mainland) network as in some other markets, in particular, the
United Kingdom. As a consequence, French and UK ARPUs are not directly
comparable.
(4) Includes all other customers of our controlled wirefree
operations. We do not include the customers of companies in which we have a
minority interest, such as Wind or MobilCom.
(5) Recurring network revenues include access charges and usage fees.
This information is provided by RNS
The company news service from the London Stock Exchange
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