Orange (ORAN) recently announced a year-on-year increase of 2.3% on a comparable basis in its first quarter EBITDAaL, which amounted to 2.406 billion euros. This rise was of 4.3% at a historical basis.
In a similar vein, there was a 2.1% year-over-year increase in group revenues for the quarter on a comparable basis, totaling 9.85 billion euros. This increase is attributed to growth in retail services and a less significant decline in wholesale services, largely due to increased unbundling rates in France. On a historical basis, the quarterly group's revenues saw a 3.5% rise.
Orange Group has also reaffirmed its financial targets for 2024. Projections anticipate a low single-digit growth in EBITDAaL and organic cash flow of at least 3.3 billion euros from telecom operations. However, these targets are on a comparable basis and don't account for yet-to-be-finalized mergers and acquisitions, and they exclude contributions from Orange Spain.
On another note, the company has proposed an increase in the 2024 dividend, payable in 2025, to 0.75 euros per share, inclusive of an interim dividend of 0.30 euros in December 2024.
