Half Year 2024 Orange SA Earnings Call Transcript
Key Points
- Orange SA (ORAN) reported a strong organic cash flow growth of more than 17% year on year.
- The company confirmed its full-year guidance for 2024 and 2025.
- Orange SA (ORAN) has successfully driven in-market consolidation in Belgium, Romania, and Spain, benefiting from synergy potential.
- The African Middle East segment continues to deliver outstanding double-digit growth in both revenues and EBITDaL.
- The company has made significant progress in its ESG strategy, being two years ahead of schedule in reducing greenhouse gas emissions.
- The competitive pricing environment in France, particularly in the mobile entry market, remains challenging.
- Orange Business segment showed a slight negative revenue trend, with a continued need for transformation.
- The European segment experienced a revenue decline due to low-margin activities.
- The Spanish market remains highly competitive, especially on the low-price points, impacting overall performance.
- The company faces ongoing challenges in maintaining ARPU stability in the mobile segment, particularly due to the strong momentum of the Sosh brand.
Good morning, ladies and gentlemen, and welcome to Orange's first-half 2024 results conference call. The call today will be hosted by Ms. Christel Heydemann, the CEO, and Mr. Laurent Martinez, Chief Financial Officer, with other members of Orange's Executive Committee for the Q&A session. that will start after the presentation. Thank you very much, and let me pass the floor over to Ms. Christel Heydemann. Please go ahead now.
Thank you. Good morning, and welcome to our 2024 first-half results presentation. Two days before the start of the Olympic Games in Paris, we are very proud to be the official partner and to provide all the connectivity for the event. Our teams are very enthusiastic and committed to this flagship project to demonstrate our expertise.
So, let's now zoom and highlight a few points that I will detail in this presentation. Our Lead the Future plan is now at mid-term and is progressing at full speed. H1 results are very strong, with an organic cash flow growth of more than 17% year on year, and
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