Full Year 2025 Orange SA Earnings Call Transcript
Key Points
- Orange SA (ORANY) successfully concluded its three-year 'Lead the Future' plan, meeting or overachieving all key objectives.
- The company reported a robust commercial performance in France, Europe, and Africa, the Middle East, with full-year EBITDA growing by 3.8% and a solid 0.9% margin rate improvement.
- Organic cash flow reached €3.7 billion, representing more than 8% growth year on year, exceeding the company's guidance.
- Orange SA (ORANY) achieved significant greenhouse gas emissions reductions, with a 49% decrease on Scope 1 and 2 compared to 2015, and a 16% decrease on Scope 3 compared to 2018.
- The company maintained a strong balance sheet with a net debt to EBITDA ratio of 1.8 times and successfully issued two jumbo bonds, securing upcoming refinancing needs.
- Orange Business is still impacted by portfolio pruning and the difficult IT market and French macro environment.
- The company faced a decline in wholesale revenues in France, which offset retail growth.
- There is uncertainty regarding the due diligence process with SFR, with no agreement reached yet.
- The impairment of Orange Business activities resulted in a €330 million impact due to market evolution.
- The beginning of the industrial phase of copper shutdown in France required a provision of €1.7 billion, impacting net income.
You're on hold for Orange's full year 2025 financial results. We will start in a couple of minutes.
Thank you for your patience. We will start in a couple of minutes.
Good evening ladies and gentlemen.
Thank you for your patience and welcome to Orange's full year 2025 results conference. For your information, this conference is being recorded.
During the Q&A session, in order to ask for the floor, please raise your hand in teams. Please ensure that the mute function on your device is switched off to allow us to hear you when it is time for us to take your question.
The call today will be hosted by Crystal Edmond, CEO, and Laurent Martinez, CFO, with other members of Orange's executive committee for the Q&A session that will start after the presentation.
Thank you and let me hand over the floor to Crystal Edman.
Good evening and thank you for joining our 2025 results presentation.
These 2025 results successfully conclude
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