Orange sees French 2019 earnings growth in line with last year

BARCELONA (Reuters) - France's biggest telecoms operator Orange will be able to post growth in 2019 French revenue and core earnings broadly in line with that achieved in the previous year, its deputy Chief Executive said on Thursday.

Reuters November 15, 2019 00:07:33 IST
Orange sees French 2019 earnings growth in line with last year

Orange sees French 2019 earnings growth in line with last year

BARCELONA (Reuters) - France's biggest telecoms operator Orange will be able to post growth in 2019 French revenue and core earnings broadly in line with that achieved in the previous year, its deputy Chief Executive said on Thursday.

"What we think we can do this year is have kind of flattish growth in revenue and EBITDA performance," Ramon Fernandez told the Morgan Stanley European Technology Media and Telecoms conference in Barcelona.

The company had previously said growth in 2019 core operating profit after leases would be slower than that achieved in 2018 on a comparable basis.

(Reporting by Isla Binnie; Editing by Emelia Sithole-Matarise)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

also read

France, Germany to agree to NATO role against Islamic State - sources
| Reuters
World

France, Germany to agree to NATO role against Islamic State - sources | Reuters

By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States

China's Xi says navy should become world class
| Reuters
World

China's Xi says navy should become world class | Reuters

BEIJING Chinese President Xi Jinping on Wednesday called for greater efforts to make the country's navy a world class one, strong in operations on, below and above the surface, as it steps up its ability to project power far from its shores.China's navy has taken an increasingly prominent role in recent months, with a rising star admiral taking command, its first aircraft carrier sailing around self-ruled Taiwan and a new aircraft carrier launched last month.With President Donald Trump promising a US shipbuilding spree and unnerving Beijing with his unpredictable approach on hot button issues including Taiwan and the South and East China Seas, China is pushing to narrow the gap with the U.S. Navy.Inspecting navy headquarters, Xi said the navy should "aim for the top ranks in the world", the Defence Ministry said in a statement about his visit."Building a strong and modern navy is an important mark of a top ranking global military," the ministry paraphrased Xi as saying.