© Reuters. FILE PHOTO: The logo of French telecom operator Orange is seen at the regional company headquarters in Nantes, France, January 24, 2022. REUTERS/Stephane Mahe/File Photo
PARIS (Reuters) – Orange, France’s biggest telecoms operator, said its first-quarter core operating profit grew 1%, as high growth from its Africa and Middle-East operations offset further declines in sales in Spain and its home country.
Earnings before interest, tax, depreciation and amortisation after leases (EBITDaL) rose to 2.62 billion euros ($2.81 billion) for the quarter ended March 31. This was in line with the average of 13 analyst estimates compiled by the company.
Revenues were up 0.7% to 10.6 billion euros.
Orange said it maintained all its full-year targets for 2022, including a growth in core operating profits between 2.5% and 3%.
It also confirmed its target of organic cash flow from telecom activities of at least 3.5 billion euros next year.
($1 = 0.9325 euros)
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