Orange Says 2015 Restated EBITDA To Drop To €11.9 Bln - €12.1 Bln - Quick Facts

(RTTNews) - French telecom giant Orange SA (ORAN), previously known as France Telecom, said it expects a restated EBITDA of between 11.9 billion euros and 12.1 billion euros for 2015. This forecast would be supported by continuing work on the Group's cost structure.

The company reported achieving all its 2014 targets, with a very good commercial performance across the Group. In 2014, restated EBITDA was 12.190 billion euros and the ratio of restated EBITDA to revenues was stable at 30.9% after falling 1.0 percentage point in 2013 on a comparable basis. Net income came in at 1.225 billion euros in 2014, down 908 million euros in relation to 2013, due mainly to the impact of specific items unrelated to operating performance.

Revenues totaled 39.445 billion euros in 2014, down 2.5% on a comparable basis, following a 4.5% decline in 2013. Excluding the impact of regulatory measures, the decrease was limited to 1.6% in 2014, after a decrease of 2.6% in 2013.