Orange, the French telecom firm, reported a modest increase in its Q3 revenue on Tuesday. The company's revenue rose to €11.00 billion ($11.74 billion), marking a 1.6% year-on-year growth. This growth was primarily driven by the expansion of retail operations, which successfully offset the decline in wholesale revenue. According to InvestingPro's real-time metrics, Orange has a revenue growth of 1.79% in the last twelve months up to Q2 2023 and a quarterly revenue growth of 1.16% for FY2023.Q2.
The company's EBITDA after leases also saw an uptick, growing by 0.4% to reach €3.60 billion. This increase was supported by cost savings and exceeded analysts' expectations. In fact, the company's EBITDA for the last twelve months up to Q2 2023 stood at 13832.39M USD, marking a growth of 6.67% according to InvestingPro data. Notably, this growth rate is an acceleration from the 1% growth observed in Q2, according to consensus estimates.
In addition to these results, Orange has reiterated its outlook for 2023. The company expects modest growth in EBITDA after leases and a significant reduction in capital expenditure. This confirmation of the outlook underscores the firm's confidence in its financial performance and strategic initiatives moving forward. As a prominent player in the Diversified Telecommunication Services industry, Orange has maintained dividend payments for 20 consecutive years, a significant feat that is worth noting as per InvestingPro Tips.
Moreover, the company's adjusted market cap stands at 30.46B USD, and it trades with a P/E ratio of 17.74, which falls to 13.97 when adjusted for LTM2023.Q2. The company's dividend yield as of 2023 stands at 5.86%, and the stock has returned 28.08% over the past year, despite a slight dip in recent months, as per InvestingPro's data.
For more insights and tips on investing in companies like Orange, consider exploring InvestingPro's offerings. With a wealth of real-time metrics and invaluable tips, InvestingPro can help you make informed investment decisions. For example, one of the InvestingPro Tips for Orange is that the company's short-term obligations exceed its liquid assets, which could be a crucial factor to consider for potential investors. To access more such tips and insights, check out InvestingPro's subscription plans.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.