Orange doubles its profit in 2013 and wants to continue lowering costs

by bold-lichterman

The group now wants to lower the weight of its debt.

In the midst of negotiations in the telecoms sector on the takeover of SFR by Bouygues, Numericable or Iliad, Orange, the only operator not to have entered the race, posted a 2.4% growth in the number of its customers worldwide in 2013, to 236.3 million.

However, it recorded a 4.5% drop in turnover, to 40.98 billion euros. The activity thus contracted in France – in particular because of a fall in revenues linked to mobile services -, in Spain and Poland, but grew by 1.3% in the rest of the world.

Despite this overall decline in activity, the group doubled its net income for the year to 1.87 billion euros, compared to 820 million euros in 2012. A performance achieved thanks to lower costs (929 million euros). euros). “In 2014, we will continue our work on our cost base while remaining attentive to the quality of the social dialogue in the company” states Stéphane Richard, the chairman.

Orange wishes to maintain its acquisition policy in the countries where it is already present and has set itself the objective of lowering its ratio of net debt to EBITDA to around 2, against 2.37 currently, the group facing , at December 31, 2013, to a net debt of 30.7 billion euros.