Q4 2019 Orange SA Earnings Call Transcript
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Very good morning. Welcome to the presentation of our Full Year 2019 Results. I will first present the main highlights of 2019, and then I'll leave the floor to Ramon to go through the details of those results.
Let's start with Slide #4, which presents the key highlights of the year. So let me recall you briefly, what is there? First, good news, revenue and EBITDAaL are growing, with an acceleration in Q4. Second, we've had 3 strong engines of revenue growth last year: Africa and the Middle East, Europe and Enterprise. Three, there are improving trends of retail services and average revenues per office in France. Four, European leader in cybersecurity with double-digit growth. This is the result of our inorganic growth and the growth in the business of cybersecurity. A structural change in the management of tower and fiber assets that we announced and explained in the Capital Market Day. But of course, we will come back to this later on. And to summarize this, all elements of guidance have been achieved with an upgrade of 2020
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