Q3 2024 Orange SA Earnings Call Transcript
Key Points
- Orange SA (ORANY) reported strong Q3 results, confirming their full-year guidance.
- The Middle East and Africa region delivered its sixth consecutive quarter of double-digit growth.
- Orange SA (ORANY) successfully demonstrated technological leadership during the Paris 2024 Olympics, enhancing brand image.
- The company achieved a solid commercial performance in France, with mobile net adds of 83,000 and fixed broadband net adds returning to growth.
- Convergent revenues increased by almost 5%, driven by robust growth in convergent ARPU and low customer churn.
- Orange Business revenues decreased by 2.6% due to a decline in voice services and complex IT market conditions.
- Wholesale revenues continued to decline, impacting overall revenue growth.
- The competitive environment in France remains challenging, particularly in the low-end mobile market.
- Orange SA (ORANY) faces risks in the Middle East and Africa, although mitigated by a diversified country portfolio.
- The company is experiencing a slowdown in IT services growth in Poland, attributed to stagnation in the public sector.
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 are 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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