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Orange, France's biggest telecoms operator, posted on Thursday a fourth-quarter core operating profit in line with expectations, driven by strong in sales in Africa and the Middle East that offset a decline in its enterprise division.
Earnings before interest, tax, depreciation and amortisation after leases (EBITDAaL) for the three months ending in December rose 8.5% on a comparable basis to 3.45 billion euros ($3.7 billion), matching the average of 16 analyst estimates compiled by the company.
Revenues edged up 1.3% to 11.35 billion euros, above expectations of 11.2 billion euros. Orange also presented on Thursday a set of financial targets for 2025, including organic cash from telecoms activities of 4 billion euros.
($1 = 0.9343 euros) (Reporting by Mathieu Rosemain; Editing by Jacqueline Wong)