Orange Belgium Group has announced its financial results for fiscal year 2024, posting a net profit of 17.2 million euros, a significant recovery from the previous year's loss of 10.8 million euros. The profit per share rose to 0.33 euros, in contrast to the breakeven status noted last year. Operating profit, or EBIT, increased notably to 118.9 million euros from 78.8 million euros, reflecting the company's improved operational efficiency. The EBITDAaL showed robust growth, reaching 544.3 million euros, marking a 10.1% increase on a comparable basis. Overall, fiscal 2024 revenues climbed to 1.99 billion euros, up from 1.75 billion euros in the previous year.
Despite these positive results, Orange Belgium's Board has decided not to propose a dividend for fiscal 2024. Looking ahead to fiscal 2025, the company aims to achieve an EBITDAaL ranging between 545 million euros and 565 million euros.
