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Orange
🇫🇷 Euronext Paris:FNCTF
Dec 31, 2024
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Orange Q4 2024 Earnings Report

Orange reported strong Q4 2024 results with revenue growth and improved operating performance.

Key Takeaways

Orange achieved revenue of €10.426 billion in Q4 2024, a 0.5% increase year-on-year. EBITDAaL rose by 3.2% to €3.252 billion. Operating income increased 14.8% to €5.116 billion, while net income reached €2.902 billion. The company continues to execute its Lead the Future strategy, achieving solid growth in Africa & Middle East and stabilizing performance in France.

Q4 2024 revenue increased by 0.5% year-on-year to €10.426 billion.

EBITDAaL grew by 3.2% to €3.252 billion, showing strong operational efficiency.

Operating income surged 14.8% to €5.116 billion.

Net income was stable at €2.902 billion, reflecting resilient financial performance.

Total Revenue
€10.4B
Previous year: €22.6B
-53.8%
EPS
€0.818
Previous year: €0.522
+56.7%
EBITDAaL
€3.25B
Operating Margin
49.1%
Organic Cash Flow
€3.26B
Cash and Equivalents
€17.4B
Free Cash Flow
€2.87B

Orange Revenue

Orange EPS

Orange Revenue by Segment

Orange Revenue by Geographic Location

Forward Guidance

Orange expects continued EBITDAaL growth of around 3% in 2025 while maintaining disciplined capital expenditures. The company targets at least €3.6 billion in organic cash flow for telecom activities.

Positive Outlook

  • EBITDAaL growth targeted at around 3% for 2025.
  • Strong performance expected in Africa & Middle East region.
  • Operational efficiency initiatives to drive cost savings.
  • Orange Business to leverage AI and cybersecurity for future growth.
  • Dividend floor set at €0.75 per share for 2025.

Challenges Ahead

  • Wholesale revenue decline in Europe remains a challenge.
  • IT & Integration services facing headwinds in a complex market.
  • Cost pressures due to technological investments.
  • Regulatory changes impacting call termination rates.
  • Macroeconomic uncertainties could affect customer spending.