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

Intel seeks $10 billion in subsidies for European chip plant
News & Analysis

Intel seeks $10 billion in subsidies for European chip plant

By Douglas Busvine BRUSSELS/BERLIN (Reuters) -Intel wants 8 billion euros ($9.7 billion) in public subsidies towards building a semiconductor factory in Europe, its CEO was cited as saying on Friday, as the region seeks to reduce its reliance on imports amid a shortage of supplies. The pitch is the first time Pat Gelsinger has publicly put a figure on how much state aid he would want, as Intel pursues a multibillion-dollar drive to take on Asian rivals in contract manufacturing. "What we're asking from both the U.S

China's Ximalaya, Qiniu file for U.S. IPOs
News & Analysis

China's Ximalaya, Qiniu file for U.S. IPOs

(Reuters) -Ximalaya, backed by China's Tencent Holdings, filed for an initial public offering (IPO) in the United States on Friday, cashing in on growing demand as more people tune in to podcasts while staying at home during the pandemic. China's Qiniu Ltd, a cloud-based platform-as-a-service provider backed by Alibaba Group Holding Ltd, also filed paperwork for a U.S. IPO

Donerail pushes gaming headset maker Turtle Beach to explore a sale - sources
News & Analysis

Donerail pushes gaming headset maker Turtle Beach to explore a sale - sources

By Greg Roumeliotis (Reuters) - Donerail Group, an investment firm led by former activist hedge fund Starboard Value LP executive Will Wyatt, has amassed a stake in Turtle Beach Corp and is pushing the maker of gaming headsets to explore a sale, people familiar with the matter said on Friday. The move represents a bet that Turtle Beach could attract acquisition interest from peers such as Corsair Gaming Inc and GN Store Nord A/S, as the video game market continues to benefit from people looking for entertainment options at home during the COVID-19 pandemic