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Orange set to reveal Q3 earnings, analysts eye French revenue and potential merger

EditorRachael Rajan
Published 23/10/2023, 21:08
© Reuters.

Telecommunications giant Orange is set to unveil its third quarter earnings on Tuesday, with expectations of a modest rise in both revenue and EBITDA after leases. The company's anticipated revenue stands at EUR 11.00 billion, while EBITDA after leases is projected to reach EUR 3.59 billion, marking an increase from the previous year's figures.

Despite successful price hikes in France, Citi analysts Georgios Ierodiaconou and Mollie Witcombe have cautioned about a slight dip in French quarterly revenue. This minor decrease can be attributed to the loss of high-margin wholesale revenue.

In addition to the earnings report, market watchers are closely following the potential merger between Orange and Spanish telecom company MasMovil. The merger is currently under examination by the European Union authorities. UBS analyst Ondrej Cabejsek views this prospective consolidation as a pivotal development for the broader European telecommunications industry.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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