Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Euronext Paris  >  Orange    ORA   FR0000133308

ORANGE (ORA)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Orange : Aims to Achieve Additional Savings of EUR1 Billion by 2020

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/07/2017 | 09:14am CET
   By Marc Navarro Gonzalez 
 

Orange (ORA.FR) said Thursday that it aims to achieve additional gross savings of 1 billion euros ($1.18 billion) by the end of 2020, which will be partially reinvested to enhance its networks and increase the services it offers.

The French telecommunications group said at its 2017 investor day that it will use a lean capital-expenditure program to reduce unit costs by 15% in the next three years, which will generate savings of up to EUR1 billion. The company has already surpassed the EUR3 billion of gross savings originally forecast for the 2015-2018 period, it said.

Paris-based Orange aims to reach a peak investment spend of EUR7.4 billion in 2018, adding it expects this figure to decline from 2019 onwards.

Orange expects growth in adjusted earnings before interest, taxes, depreciation and amortization of around 2% in 2017, followed by an acceleration of the growth rate in 2018 and continued growth in 2019 and 2020.

"We have seen a return to revenue growth a full year ahead of plan, and this momentum, combined with our

operational efficiency program, has enabled us to renew growth of our adjusted Ebitda and engage us in a cycle of sustainable value creation," Orange's Chief Executive Stephane Richard said.

The company said it would primarily use digitalization, simplification and resource pooling to achieve its savings target.

Write to Marc Navarro Gonzalez at [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ORANGE
12/13DJORANGE : Takes Part in $11 Million Funding Round For FollowAnalytics
12/13 ORANGE : Digital Ventures is investing in FollowAnalytics, a leading Mobile Mark..
12/12 CARGOTEC OYJ : adopts Orange IoT services
12/12 ORANGE : Cargotec Develops Intelligent Cargo Handling with Global IoT Connectivi..
12/11 LUXOFT : signs network, voice services from Orange
12/08 PRESS RELEASE : Orange Belgium new IoT Network reaches 100% coverage to support ..
12/08 ORANGE : Reaffirms Its Strategy, Accelerates in Its Drive to Build Solid, Sustai..
12/07 Comeback in banks, tech lifts euro zone stocks as Steinhoff collapses
12/07DJORANGE : Aims to Achieve Additional Savings of EUR1 Billion by 2020
12/07 ORANGE : reaffirms its strategy and accelerates in its drive to build solid, sus..
More news
News from SeekingAlpha
11/14 Diversification The Name Of The Game For Orange
10/26 Orange's (ORAN) CEO Stephane Richard on Q3 2017 Results - Earnings Call Trans..
10/26 Orange reports Q3 results
10/18 Orange launches brand in Sierra Leone
09/27 MORNINGSTAR : Smaller firms setting rules in 'undervalued' U.S. wireless
Financials (€)
Sales 2017 41 023 M
EBIT 2017 5 749 M
Net income 2017 2 580 M
Debt 2017 25 513 M
Yield 2017 4,47%
P/E ratio 2017 16,05
P/E ratio 2018 13,98
EV / Sales 2017 1,57x
EV / Sales 2018 1,55x
Capitalization 38 983 M
Chart ORANGE
Duration : Period :
Orange Technical Analysis Chart | ORA | FR0000133308 | 4-Traders
Technical analysis trends ORANGE
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 16,7 €
Spread / Average Target 14%
EPS Revisions
Managers
NameTitle
Stéphane Richard Chairman & Chief Executive Officer
Ramón Fernández CFO, Deputy CEO-Finance & Strategy
Mari-Noëlle Jégo-Laveissière SEVP-Innovation, Marketing & Technology
Charles-Henri Filippi Lead Independent Director
Helle Kristoffersen Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
ORANGE1.42%46 091
VERIZON COMMUNICATIONS-5.55%215 762
NIPPON TELEGRAPH AND TELEPHONE CORP15.88%105 903
DEUTSCHE TELEKOM-6.27%85 569
TELEFONICA-2.20%51 240
SINGAPORE TELECOMMUNICATIONS LIMITED4.12%45 940