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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Orange    ORA   FR0000133308

ORANGE (ORA)
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Orange : French group Orange eyes growth from cybersecurity businesses

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10/05/2017 | 02:39pm EST
Michel Van Den Berghe, head of the Orange Cyberdefense division, speaks during the opening of the Orange Cyberdefense division headquarters of French telecoms group Orange at Nanterre

PARIS (Reuters) - Orange expects growth from cybersecurity services and aims to recruit 1,000 staff in this area by 2020, France's biggest telecoms group said on Thursday.

Michel Van Den Berghe, head of the Orange Cyberdefense division, told reporters that Orange aimed to generate 350 million euros (£312.25 million) from cybersecurity services by 2020, up from 250 million euros at present.

Governments and corporations around the world are looking at ways to better protect themselves against computer hackers amid concerns over electoral campaigns, the day-to-day running of businesses and risks posed to national security.

In June, a cyber attack wreaked havoc around the globe, crippling thousands of computers, disrupting operations at ports from Mumbai to Los Angeles and halting production at a chocolate factory in Australia.

(Reporting by Mathieu Rosemain; editing by Jason Neely)

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Financials (€)
Sales 2018 41 228 M
EBIT 2018 5 769 M
Net income 2018 2 691 M
Debt 2018 26 073 M
Yield 2018 5,24%
P/E ratio 2018 13,21
P/E ratio 2019 12,05
EV / Sales 2018 1,49x
EV / Sales 2019 1,47x
Capitalization 35 538 M
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 17,1 €
Spread / Average Target 28%
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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
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