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ORANGE (ORA)
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Orange : Aims to Achieve Additional Savings of EUR1 Billion by 2020

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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]

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Financials (€)
Sales 2018 41 428 M
EBIT 2018 6 022 M
Net income 2018 2 923 M
Debt 2018 25 111 M
Yield 2018 5,03%
P/E ratio 2018 12,97
P/E ratio 2019 12,01
EV / Sales 2018 1,49x
EV / Sales 2019 1,45x
Capitalization 36 429 M
Chart ORANGE
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Orange Technical Analysis Chart | ORA | FR0000133308 | 4-Traders
Technical analysis trends ORANGE
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 17,0 €
Spread / Average Target 24%
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$)
ORANGE-5.39%44 684
VERIZON COMMUNICATIONS-7.58%195 650
NIPPON TELEGRAPH AND TELEPHONE CORP-11.83%93 075
DEUTSCHE TELEKOM-10.21%77 589
TELEFONICA-5.97%48 656
SINGAPORE TELECOMMUNICATIONS LIMITED-5.87%41 518