Q3 2024 Orange Polska SA Earnings Call Transcript
Key Points
- Orange Polska SA (FRA:TPA1) reported strong Q3 results, confirming their full-year guidance.
- The company demonstrated technological leadership during the Paris 2024 Olympics, being the sole operator providing full connectivity.
- Middle East and Africa regions delivered the sixth consecutive quarter of double-digit growth.
- The company sustained strong fiber momentum with over 1 million FTTH net additions in the last 12 months.
- Convergent revenues increased by almost 5%, representing 80% of Q3 retail growth excluding PSTN.
- The mobile market in France remains competitive, particularly at the low end, impacting revenue growth.
- Orange business revenues decreased due to complex IT market conditions.
- Wholesale revenues in France declined by 3.3%, affecting overall revenue growth.
- The IT services segment in Poland experienced a slowdown, attributed to stagnation in the public sector.
- There is ongoing pressure in the pure IT segment, which could impact the turnaround plans for Orange Business.
Good morning, ladies and gentlemen and welcome to Orange's Q3 2024 conference call.
The call will be hosted by Ms. Christel Heydemann, the CEO and Mr. Laurent Martinez, Chief Financial Officer with other members of the Orange's Executive Committee for the Q&A session that will start after.
Thank you and let me hand the call over to MS Christel Heydemann. Please go ahead ma'am.
Good morning and thank you for joining our Q3 results presentation following a summer marked by the success of the Olympic Games where we demonstrated to the world, our unparalleled expertise. We are pleased to report strong Q3 results and confirm our full year guidance in France. Despite the competitive market on the low end, we have delivered a good commercial performance, Middle East and Africa strongly contributed to our Q3 results with the sixth quarter in a row of double digit growth. I will seize this opportunity to zoom in on this.
Let's start with a few words on the Paris 2024
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