Telecom operator Orange SA (ORAN) said earlier this week it expected to return to core profit growth in 2022, after last year’s results were affected by lower returns from co-financing deals and intense competition in the Spanish market.
France’s Orange forecasts earnings before interest, tax, depreciation and amortization after leases (EBITDAaL) to increase by between 2.5% and 3% this year, following a 0.5% decrease in 2021.
The company also forecasts cash flow from telecoms activities to exceed EUR 2.9 billion in 2022, compared with a cash flow of EUR 2.4 billion in 2021.
Orange’s total revenue went up 0.8% year-on-year to EUR 42.5 billion in 2021.
As of 10:37 GMT on Friday the shares of Orange SA were gaining 0.46% (EUR 0.05), while extending a gain from the previous session, to trade at EUR 10.98 in Paris.