Orange Group Q1 Underlying Operating Performance Increases - Quick Facts

(RTTNews) - Orange Group (ORAN) reported that, excluding the impact of the employee shareholding operation, first-quarter restated EBITDA rose 0.3% and the restated EBITDA margin fell 0.1 percentage points. Restated EBITDA for the first-quarter of 2016 was 2.57 billion euros, a decrease of 1.6% on a comparable basis, while the restated EBITDA margin declined 0.6 percentage points.

First-quarter revenues were 10.01 billion euros, up 0.6% on comparable basis. The Group said its commercial activity in the quarter was very positive across all regions, both in very high-speed fixed and mobile broadband in Europe and in the development of mobile services in Africa and the Middle East.

Looking forward, the Group confirmed the objective for the full year of higher restated EBITDA in 2016 than in 2015 on a comparable basis.