France Telecom confirmed that it achieved its financial targets for the year, with 2007 organic cash flow rising by 10% to 7.5 billion euros. The following targets have also been confirmed: stabilization of the Gross Operating Margin rate compared with 2006; and maintaining the rate of investment at about 13% of revenues.
For 2008, France Telecom said its objective is to generate organic cash flow of at least 7.5 billion euros. In the context of growth in Group revenues in line with that of its markets, this objective is based on stabilizing the Gross Operating Margin rate compared with 2007 and maintaining investment expenditure at about 13% of revenues.
The company also noted that Orange has sold 30,000 iPhones in the first 5 days of product availability in France. Of these, 48% of iPhone sales have led to a new Orange line subscription, and 80% of customers sign up for a dedicated “Orange for iPhone” plan at the same time.
In a statement, Didier Lombard, Chairman and CEO of France Telecom, said: “France Telecom is clearly a driving force in the revolution that is underway in the world of telecommunications, characterized by a proliferation of players and uses increasingly focused on greater convergence.”http://www.francetelecom.com
