Orange Q2 core operating profit up 0.5% on Africa, Middle East boost

PARIS: Orange, France’s biggest telecoms firm, said on Thursday second-quarter core operating profit rose 0.5% from a year earlier, as strong growth from its African and Middle East division offset a fall in sales in its home country and Spain.

Earnings before interest, taxes, depreciation and amortisation after leases (EBITDAaL) rose to 3.31 billion euros ($3.38 billion) over the period. This matched the average of 14 analyst estimates canvassed by the company.

Second-quarter sales declined by 0.4% on a comparable basis to 10.7 billion euros. Orange also confirmed its full-year targets, including an increase in core operating profits between 2.5% and 3%.