Orange sees small revenue growth in Q1
French operator saw revenue growth of 0.8% in the first three months of 2017, despite a small dip in sales in its home market
Slow sales in France meant Orange saw only a small rise in revenue for the first three months of 2017, though CEO Stefane Richard said turnover in its home market is stabilising.
Orange saw its group revenue grow 0.8% in Q1 to €10.1 billion, despite a 0.1% dip in France that saw Orange post revenues of €4.4 billion.
Sales in fixed broadband services grew 5.5% in France, but it was pressure on its mobile services division – down 3.3%- and its PSTN business, which fell 12.2%, that led to Orange’s flat results at home.
It added 73,000 mobile customers in the quarter, and the same amount in fixed broadband, with the company crediting the take of converged packages across the continent as a strong trend in its latest quarter. This was up 11% to 9.5 million across Europe.
One highlight was Orange’s Spanish business, where revenues rose 8.5%, and converged offerings take up grew 12%. Orange reported a 42% increase in 4G subscribers in the country, taking its Spanish 4G base to 8.2 million. Overall, it has 29.5 million 4G customers across Europe.
“The first quarter confirms the improvement in the 2016 trend. Revenues are growing, driven by solid commercial performances, particularly in France, Spain and Poland,” Richard said.
“The strategy Orange has pursued over a number of quarters, centred on convergence around the home, the best connectivity in the market due to our sustained investment, and an unparalleled customer experience, is bearing fruit.”