Orange FY13 Profit Spikes - Quick Facts

(RTTNews) - French telecom major Orange SA (ORAN), previously France Telecom, said its 2013 Group share of consolidated net income of 1.87 billion euros, more than doubled when compared with last year's 820 million euros, reflecting a significantly lower level of goodwill impairment in 2013.

In 2013, restated EBITDA totaled 12.65 billion euros, while the restated EBITDA margin decline was limited to 1.0 percentage point on a comparable basis compared with 2012.

For the year, consolidated revenues were 40.98 billion euros, down 4.5% on a comparable basis of which over 40% is attributable to the impact of regulatory measures. Excluding regulatory measures, revenues slid by 2.6%.

In spite of persistent pressure on revenues, Orange expects restated EBITDA for 2014 to range between 12.1 and 12.6 billion euros, considering the continued significant efforts on costs and excluding the impact of the sale of operations in the Dominican Republic. This objective corresponds to a stabilisation in the restated EBITDA margin compared to 2013.

Further, the company announced the payment of a dividend of 0.60 euros per share for 2014, while an interim dividend for 2014 of 0.20 euros per share would be paid in cash in December. In addition, the Group confirmed the payment of the balance of the dividend for 2013 of 0.50 euro per share which, payable in cash on June 5, 2014.