Breaking News
Get 40% Off 0
👀 Reveal Warren Buffett's stock picks that are beating the S&P 500 by +174.3% Get 40% Off

Orange Sees Slight Revenue Rise, Outperforms Q3 Expectations

Published Oct 24, 2023 20:10
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
ORAN
-0.28%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

Orange, the French telecom firm, reported a modest increase in its Q3 revenue on Tuesday. The company's revenue rose to €11.00 billion ($11.74 billion), marking a 1.6% year-on-year growth. This growth was primarily driven by the expansion of retail operations, which successfully offset the decline in wholesale revenue. According to InvestingPro's real-time metrics, Orange has a revenue growth of 1.79% in the last twelve months up to Q2 2023 and a quarterly revenue growth of 1.16% for FY2023.Q2.

The company's EBITDA after leases also saw an uptick, growing by 0.4% to reach €3.60 billion. This increase was supported by cost savings and exceeded analysts' expectations. In fact, the company's EBITDA for the last twelve months up to Q2 2023 stood at 13832.39M USD, marking a growth of 6.67% according to InvestingPro data. Notably, this growth rate is an acceleration from the 1% growth observed in Q2, according to consensus estimates.

In addition to these results, Orange has reiterated its outlook for 2023. The company expects modest growth in EBITDA after leases and a significant reduction in capital expenditure. This confirmation of the outlook underscores the firm's confidence in its financial performance and strategic initiatives moving forward. As a prominent player in the Diversified Telecommunication Services industry, Orange has maintained dividend payments for 20 consecutive years, a significant feat that is worth noting as per InvestingPro Tips.

Moreover, the company's adjusted market cap stands at 30.46B USD, and it trades with a P/E ratio of 17.74, which falls to 13.97 when adjusted for LTM2023.Q2. The company's dividend yield as of 2023 stands at 5.86%, and the stock has returned 28.08% over the past year, despite a slight dip in recent months, as per InvestingPro's data.

For more insights and tips on investing in companies like Orange, consider exploring InvestingPro's offerings. With a wealth of real-time metrics and invaluable tips, InvestingPro can help you make informed investment decisions. For example, one of the InvestingPro Tips for Orange is that the company's short-term obligations exceed its liquid assets, which could be a crucial factor to consider for potential investors. To access more such tips and insights, check out InvestingPro's subscription plans.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Orange Sees Slight Revenue Rise, Outperforms Q3 Expectations
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email