Orange Sees Slight Revenue Rise, Outperforms Q3 Expectations

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Orange Sees Slight Revenue Rise, Outperforms Q3 Expectations
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Orange, the French telecom firm, reported a modest increase in its Q3 revenue on Tuesday. The company's revenue rose to €11.00 billion ($11.74 billion), marking a 1.6% year-on-year growth. This growth was primarily driven by the expansion of retail operations, which successfully offset the decline in wholesale revenue. According to InvestingPro's real-time metrics, Orange has a revenue growth of 1.79% in the last twelve months up to Q2 2023 and a quarterly revenue growth of 1.16% for FY2023.Q2.

The company's EBITDA after leases also saw an uptick, growing by 0.4% to reach €3.60 billion. This increase was supported by cost savings and exceeded analysts' expectations. In fact, the company's EBITDA for the last twelve months up to Q2 2023 stood at 13832.39M USD, marking a growth of 6.67% according to InvestingPro data. Notably, this growth rate is an acceleration from the 1% growth observed in Q2, according to consensus estimates.

In addition to these results, Orange has reiterated its outlook for 2023. The company expects modest growth in EBITDA after leases and a significant reduction in capital expenditure. This confirmation of the outlook underscores the firm's confidence in its financial performance and strategic initiatives moving forward. As a prominent player in the Diversified Telecommunication Services industry, Orange has maintained dividend payments for 20 consecutive years, a significant feat that is worth noting as per InvestingPro Tips.

Moreover, the company's adjusted market cap stands at 30.46B USD, and it trades with a P/E ratio of 17.74, which falls to 13.97 when adjusted for LTM2023.Q2. The company's dividend yield as of 2023 stands at 5.86%, and the stock has returned 28.08% over the past year, despite a slight dip in recent months, as per InvestingPro's data.

For more insights and tips on investing in companies like Orange, consider exploring InvestingPro's offerings. With a wealth of real-time metrics and invaluable tips, InvestingPro can help you make informed investment decisions. For example, one of the InvestingPro Tips for Orange is that the company's short-term obligations exceed its liquid assets, which could be a crucial factor to consider for potential investors. To access more such tips and insights, check out InvestingPro's subscription plans.

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