Orange closed 2024 with €40.26 billion in revenue, up 1.2% year-over-year, driven by a 2.7% increase in retail services. EBITDAaL grew 2.7% to €12.1 billion, with an acceleration in the fourth quarter. The company raised its 2025 organic cash flow target from telecom operations to at least €3.6 billion, reflecting confidence in cost controls and operational efficiency. Capital expenditures (eCAPEX) reached €6.26 billion, or 15.5% of revenue, as Orange focused on fibre expansion and network modernization, particularly in Africa and the Middle East.
The company’s infrastructure investments supported growth across key markets. The Africa & Middle East segment delivered an 11.1% revenue increase, led by mobile data (+18.4%), fixed broadband (+19.5%), Orange Money (+20.4%), and B2B (+12.5%). France returned to EBITDAaL growth (+0.5%), while Europe saw a mixed performance with a 2.1% decline in revenue due to lower wholesale income. Orange Business continued its digital transition, with cybersecurity and IT services seeing gains, offsetting declines in legacy fixed services.
Orange expanded its fibre footprint, reaching 60.1 million FTTH-ready households globally, up 9.3% year-over-year, with 13.5 million active customers (+14.3%). The company also improved efficiency, achieving two-thirds of its €600 million cost-savings target ahead of schedule. Net debt declined by €4.52 billion to €22.48 billion, supported by cash inflows from the MASORANGE joint venture in Spain. The company maintains its commitment to disciplined capital spending while integrating AI and next-gen infrastructure into its network.
• Revenue: €40.26 billion (+1.2% YoY).
• EBITDAaL: €12.1 billion (+2.7% YoY).
• Organic cash flow target for 2025: Raised to €3.6 billion.
• Capital expenditure (eCAPEX): €6.26 billion (15.5% of revenue).
• Fibre expansion: 60.1 million FTTH-ready households (+9.3% YoY).
• Mobile subscribers: 253 million (+7.1%), including 94.6 million contracts.
• Africa & Middle East revenue: +11.1%, led by mobile data, fixed broadband, Orange Money, and B2B.
• Orange Cyberdefense revenue: +11.2%, reinforcing its European cybersecurity position.
• Net financial debt: €22.48 billion (-€4.52 billion YoY).
“These results clearly demonstrate the successful execution of our Lead the Future strategic plan,” said Christel Heydemann, CEO of Orange Group. “With disciplined investments in fibre and next-generation networks, we are well-positioned to drive sustainable growth while maintaining financial resilience.”
