Orange Q3 EBITDA Rises; Reaffirms FY16 Outlook - Quick Facts

(RTTNews) - French telecom major Orange SA (ORAN) reported restated EBITDA of 3.60 billion euros in the third quarter of 2016, an increase of 1.6 percent on a comparable basis from the year-ago period. Restated EBITDA margin was 34.9 percent, up 0.3 percentage points from the prior year.

Revenues for the quarter were 10.32 billion euros, an increase of 0.8 percent on a comparable basis.

Orange Group CEO Stéphane Richard said, "The third quarter was again marked by a strong commercial performance, reflecting the success of Essentiels2020 - our strategy of differentiation through investment in high-speed broadband networks and the reinvention of our customer relationships. This performance can be seen in the accelerated growth of our revenues and restated EBITDA and enables us to confirm all of our objectives for 2016."

Looking ahead to full-year 2016, Orange reaffirmed that restated EBITDA will be greater than that of 2015 on a comparable basis.

The Group plans to propose the payment of a dividend of 0.60 euros per share for 2016. An interim dividend for 2016 of 0.20 euros per share will be paid on 7 December 2016.