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Orange: net profit multiplied by 3 in 2022, to 2.62 billion euros

2023-02-16T07:17:30.626Z


The French telecoms giant confirms that it has "reached" its objectives for the year and posted a slight increase in turnover to 43.47 billion euros.


The French telecoms giant Orange recorded a net profit multiplied by 3 in 2022, to 2.62 billion euros against 778 million euros in 2021, due to an increase in operating profit, a-t- he announced on Thursday, confirming that he had "

achieved

" his goals for the year.

Turnover was up slightly (+0.6%) over one year, at 43.47 billion euros, supported by the Africa and Middle East zone (+6.4%).

The objectives for 2022 have been "

achieved

", with in particular a gross operating surplus after rents up 2.5%.

Driving force of the group, the Africa and Middle East region is driven by the increase in 4G customers (53 million, +19%) and revenues up 18% in the mobile data segment.

In France, the group's main market, turnover fell by 1.1%, to 18 billion euros, despite the conquest of 339,000 new fiber customers over the year.

In Europe, where Orange is present in seven countries, it returned to growth (+0.6%) thanks to the recovery of its activities in Spain, which confirmed in the 4th quarter the rebound begun in the previous quarter, and the good performance of the Poland (+4.7%) and Belgium (+2%).

The turnover of Totem, the subsidiary that owns and manages the passive mobile infrastructures of telecommunications towers in France and Spain, reached 685 million euros (+14.9%).

Read alsoTelecoms: the founder of the third fiber optic operator passes the baton to his daughter

In 2023, Orange aims to achieve a “ slight increase

” in gross operating surplus after rents

or an organic “

cash-flow

” (cash flow) from telecom activities “

of at least 3.5 billion euros.

".

For this new financial year, Orange also announces to increase its "

dividend floor

" to 0.72 euro per share including an interim payment of 0.30 euro per share which will be paid in December 2023, "

subject to the approval of the General Meeting

".

Source: lefigaro

All business articles on 2023-02-16

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