Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Orange    ORA   FR0000133308

ORANGE (ORA)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets

Orange : Aims to Achieve Additional Savings of EUR1 Billion by 2020

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/07/2017 | 09:14am CEST
   By Marc Navarro Gonzalez 
 

Orange (ORA.FR) said Thursday that it aims to achieve additional gross savings of 1 billion euros ($1.18 billion) by the end of 2020, which will be partially reinvested to enhance its networks and increase the services it offers.

The French telecommunications group said at its 2017 investor day that it will use a lean capital-expenditure program to reduce unit costs by 15% in the next three years, which will generate savings of up to EUR1 billion. The company has already surpassed the EUR3 billion of gross savings originally forecast for the 2015-2018 period, it said.

Paris-based Orange aims to reach a peak investment spend of EUR7.4 billion in 2018, adding it expects this figure to decline from 2019 onwards.

Orange expects growth in adjusted earnings before interest, taxes, depreciation and amortization of around 2% in 2017, followed by an acceleration of the growth rate in 2018 and continued growth in 2019 and 2020.

"We have seen a return to revenue growth a full year ahead of plan, and this momentum, combined with our

operational efficiency program, has enabled us to renew growth of our adjusted Ebitda and engage us in a cycle of sustainable value creation," Orange's Chief Executive Stephane Richard said.

The company said it would primarily use digitalization, simplification and resource pooling to achieve its savings target.

Write to Marc Navarro Gonzalez at marc.navarrogonzalez@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ORANGE
10/17ORANGE : IoT Connect Anywhere from Orange Business Services Enables Companies to..
AQ
10/16PAYFONE : Partners with Orange to Fight Identity Fraud in Four New Global Market..
PR
10/15ORANGE : IoT Connect Anywhere from Orange Business Services Enables Companies to..
BU
10/12ORANGE : collaborates with Google on a new submarine cable across the Atlantic O..
PU
10/10ORANGE : and EXFO deliver first integration of on-demand monitoring function wit..
PR
10/10Digital-only banks take sizeable share in France but lose money - regulator
RE
10/09ORANGE : Changes to Orange Bank’s management committee
PU
10/08ORANGE : Equatorial Guinea makes final payment to remove Orange from Getesa owne..
AQ
10/03ORANGE : Octo Telematics Enhances Service to Insurance Companies across Europe w..
BU
10/03ORANGE POLSKA : Poland to get lower WLR rate
AQ
More news
News from SeekingAlpha
10/16France begins plans for 2019 wireless airwaves auction 
09/19REUTERS : Orange Bank CEO to resign 
08/14Orange boosts cloud portfolio with ?350M Basefarm purchase 
08/14ORANGE : Strong Business, Stable Dividends 
08/06Top 10 August WallStar Communication Services Gains Were Led By Telefonica, C.. 
Financials (€)
Sales 2018 41 263 M
EBIT 2018 5 809 M
Net income 2018 2 835 M
Debt 2018 25 291 M
Yield 2018 5,07%
P/E ratio 2018 13,06
P/E ratio 2019 11,92
EV / Sales 2018 1,50x
EV / Sales 2019 1,47x
Capitalization 36 695 M
Chart ORANGE
Duration : Period :
Orange Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ORANGE
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 17,1 €
Spread / Average Target 24%
EPS Revisions
Managers
NameTitle
Stéphane Richard Chairman & Chief Executive Officer
Ramón Fernández CFO, Deputy CEO-Finance & Strategy
Mari-Noëlle Jégo-Laveissière Senior EVP-Innovation, Marketing & Technology
Charles-Henri Filippi Lead Independent Director
Helle Kristoffersen Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
ORANGE-5.80%42 187
VERIZON COMMUNICATIONS1.51%222 959
NIPPON TELEGRAPH AND TELEPHONE CORP-5.53%82 837
DEUTSCHE TELEKOM-4.39%78 798
SAUDI TELECOM COMPANY SJSC--.--%42 338
TELEFONICA-13.33%41 485