Orange Group has announced strong third-quarter results for 2024, confirming its financial targets for the year. The Group’s revenues reached €9.995 billion, a 1.6% increase compared to the same period in 2023. This growth was driven largely by robust retail services across key regions, particularly in France, Europe, Africa, and the Middle East. The Africa & Middle East segment led the way with a 10.5% revenue increase, supported by surging demand for mobile data, fixed broadband, and the Orange Money service. Despite some softness in wholesale services, which saw a 3.3% decline, the Group managed to sustain its overall performance through strategic focus on retail.
EBITDAaL, a core performance measure for the Group, grew by 2.7% year-on-year to reach €3.345 billion. This increase underscores Orange’s ability to execute its value-driven strategy while maintaining disciplined cost control. The Group reported a decrease in eCAPEX (excluding licenses), down 2.5% to €1.359 billion, highlighting its efforts to optimize capital expenditures. France, one of the Group’s key markets, delivered steady growth of 1.3%, benefiting from a balanced and disciplined sales approach that prioritizes both value and volume. Europe, while facing a revenue decline of 2.1%, still managed to see growth in its retail services, partially offsetting the impact of regulatory changes affecting wholesale.
The fiber optic network expansion remained a focal point, with Orange reporting that 58.7 million households, excluding Spain, are now connectable to fiber. Africa and the Middle East continued their rapid growth trajectory, with mobile services seeing significant gains in mobile data, fixed broadband, and B2B services. Orange’s cybersecurity division, Orange Cyberdefense, also posted a solid 9.7% revenue increase, further contributing to the Group’s positive results. The Group reaffirmed its financial targets for 2024, expecting low single-digit growth in EBITDAaL and continued CAPEX discipline, while also confirming the interim dividend of €0.30 per share, payable on 5 December 2024.
• Revenue: €9.995 billion in Q3 2024, a 1.6% increase year-on-year
• EBITDAaL: €3.345 billion, up 2.7% year-on-year
• eCAPEX: €1.359 billion, a 2.5% decrease year-on-year
• Retail services: +2.5% growth, with notable gains in France and Africa
• Wholesale services: -3.3% decline, reflecting regulatory pressures
• Fiber network: 58.7 million households connectable, excluding Spain
• Mobile services: 253 million mobile accesses worldwide (+8.5%), 94.8 million contracts (+11.7%)
• Fixed broadband: 38.7 million accesses globally, including 14 million very high-speed broadband customers (+13.4%)
• Africa & Middle East: +10.5% revenue growth, driven by +18.3% growth in mobile data, +20.7% in Orange Money
• Orange Cyberdefense: +9.7% revenue growth in cybersecurity services
• France: 1.3% revenue growth, with 2.8% increase in retail services
• Europe: -2.1% revenue decline, but 1.6% growth in retail services
“Our third-quarter results confirm our successful execution of the Lead the Future strategic plan. Our revenue growth of 1.6% and EBITDAaL growth of 2.7% are in line with the Group’s guidance. These solid results are driven by excellent sales momentum and growth in retail services across all geographies,” said Christel Heydemann, CEO of Orange.
