HALISTER: Orange FY Profit Beats Ests.; Talks With Bouygues to Take Weeks

Orange FY Profit Beats Ests.; Talks With Bouygues to Take Weeks

(Bloomberg) -- Orange says merger discussions on Bouygues’ telecom unit are “ongoing and require at least several weeks before any decision is taken.”
  • FY rev. EU40.2b vs est. EU40.1b
  • FY restated Ebitda EU12.4b vs est. EU12.3b
  • FY net income EU2.65b vs est. EU2.33b
  • Co. targets 2016 restated Ebitda higher than in 2015 on comparable basis
    • Maintains objective of net debt/Ebitda ratio of ~2x in medium term, will pursue policy of selective acquisitions by concentrating on markets in which co. is already present
  • 4Q French mobile service rev. -0.2% vs -0.9% q/q
  • 4Q capex EU2.25b vs EU1.97b y/y
  • Net debt EU26.6b at end of 2015, up EU462m y/y
  • Confirms div. of EU0.60/shr for 2015, targets EU0.60/shr div. for 2016 with EU0.20/shr interim div. to be paid in Dec.
  • Preview
  • Call at 8:30am CET
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
ORA FP (Orange SA)

To de-activate this alert, click here

UUID: 7947283