1 Top Management; 2 Top shareholders; 3 Peer Comparison & Ranking of ORA; 4 Patents; 5 Currency Synopsis: Euro (EUR)
Top Management
Top Management
Name | Designation | Christel Heydemann | Chief Executive Officer, Director | Jacques Aschenbroich | Independent Chairman | Jerome Henique | Executive Director, Chief Executive Officer of Orange Africa & Middle East | Michael Trabbia | Executive Director, Chief Executive Officer of Orange Wholesale |
Top shareholders Top 2 shareholders
Name of the Share Holder | Number Of Shares | % of Capital | French State | 356181579 | 13.4 | Bpifrance Participations | 254301411 | 9.6 | % held by Top 2 shareholders 23.0%
Peer Comparison & Ranking of ORA PEER COMPARISON: ORA IN INDICES
Orange is a constituent of the following indices.
Its market capitalisation is $29 billion and accounts for 1.1% of the combined MCap of the CAC 40 Index.
Index Name | MCap of Index ($ b) | ORA MCap as % of Index | CAC 40 Index | 2,581 | 1.1 | CAC All Shares Index | 3,097 | 0.9 |
BUYSELLSIGNALS FUNDAMENTALS VALUATION RANKING: Orange vs French Market
Out of 550 stocks in the French Market, Orange is ranked Twenty-third(23) by Yield, Twenty-sixth(26) by Market Cap in $, Fifty-seventh(57) by Free Cash Flow and Ninety-seventh(97) by Revenue.
| French Avg | ORA | ORA Rank | Yield (%) | 2.2 | 7.2 | 23 | Market Cap $ | 6.8 B | 29.2 B | 26 | Free Cash Flow | 191.1 M | 72.8 M | 57 | Revenue $ | 12.6 B | 1.9 B | 97 | Premium to 52-Wk Low (%) | 11.3 | 9.4 | 144 | Net Profit $ | 918.4 M | 48,072 | 392 | EBITDA Margin% | 8.8 | (19.2) | 439 | Discount to 52-Wk High (%) | 9.7 | 8.5 | 442 | Total Debt/Equity (the lower the better) | 0.8x | 3.7x | 517 | Negative values are shown in brackets.
GLOBAL RANK [out of 46,855 stocks] AND RANK OF ORANGE IN THE EUROPE REGION [out of 7,298 stocks]
Description | Value | Global Rank | In Eur Region | MCap ($) | 29.2B | 719 | 142 | Total Assets ($) | 4.5B | 4,982 | 953 | Revenue ($) | 1.9B | 4,974 | 907 | Net Profit ($) | 48,182 | 28,344 | 4,162 | Return on Equity % | (1.6) | 29,858 | 4,333 | Net Profit Margin % | (0.6) | 28,570 | 4,187 | Price/Earnings | 13,828.2 | 25,643 | 3,366 | Yield % | 7.1 | 2,431 | 553 | PV1000 (1Year) $* | 1,073 | 19,602 | 3,129 | $* Change (1Year) % | 1.6 | 22,331 | 3,510 |
* 1 year ago EUR 1 = $ 1.06 Oct 11, 2024: EUR 1 equals $ 1.09
RANK OF ORANGE IN THE CAC 40 INDEX [out of 37 stocks] AND IN THE FRENCH MARKET [out of 586 stocks]
Description | Value | In CAC 40 Index | In French Market | MCap (EUR) | 26.7B | 24 | 26 | Total Assets (EUR) | 4.1B | 37 | 121 | Revenue (EUR) | 1.7B | 36 | 110 | Net Profit (EUR) | 44,000 | 34 | 375 | Return on Equity % | (1.6) | 34 | 380 | Net Profit Margin % | (0.6) | 34 | 379 | Yield % | 7.2 | 5 | 27 | PV1000 (1Year) EUR | 1,042 | 29 | 209 |
LONG-TERM FUNDAMENTAL RANKING: 3 OUT OF 5 [5 is best] Orange is ranked number 1 out of 3 listed fixed line telecommunications companies in the France with a market capitalization of EUR26.7 billion ($29.2 billion). Within its sector it has a relatively moderate Price/Sales of 15.3.
Stocks are scored on a set of parameters reflecting fundamental analytical tools involving valuation, size and financial performance. They are ranked according to the average values of those parameters. The highest ranking is 5 and the lowest ranking is 1.
Patents Number of Patents Issued to Orange by the US Patent Office and the European Patent Office A total of 1,943 patents were issued to Orange in the last ten years. In the past year 506 patents were issued, 2.6 times average of 194 patents per year.
12 months ended Oct 11 | No. of Patents Issued | 2024 | 506 | 2023 | 453 | 2022 | 214 | 2021 | 151 | 2020 | 135 | 2019 | 108 | 2018 | 132 | 2017 | 113 | 2016 | 71 | 2015 | 60 | Total | 1,943 |
Rank by patents issued in the past 12 months: Orange vs FRANCE stocks Orange is ranked 5 by patents issued in the past year out of 663 France listed companies. A total of 9,379 patents were issued to France listed companies in the past year, an average of 78.2 patents per company. Orange received 519 patents in the past 12 months, 37 times average.
Currency Synopsis: Euro (EUR) % Change of EUR vs Currency Basket Period-Based In the past three years the Euro fell 5.4% against the US Dollars. However, in the past year the Euro rose 3.5% against the US Dollars.
Last | Country | 1-day % | 1-week % | 1-Year % | 3-Yrs % | EUR1=1.093USD | United States Of America | -0.2 | -0.9 | 3.5 | -5.4 | EUR1=7.739CNY | China | -0.1 | - | 0.1 | 3.9 | EUR1=162.4JPY | Japan | -0.5 | 0.2 | 2.9 | 25.5 | EUR1=1.0EUR | European Union | 0.0 | - | - | - | EUR1=1,477.085KRW | South Korea | 0.2 | 0.4 | 3.3 | 7.0 | EUR1=1.43SGD | Singapore | - | - | -1.2 | -8.7 | EUR1=1.798NZD | New Zealand | -0.3 | 1.5 | 2.1 | 7.9 | EUR1=0.838GBP | United Kingdom | - | -0.4 | -3.0 | -1.3 | EUR1=1.627AUD | Australia | -0.1 | 1.0 | -1.7 | 2.8 | EUR1=8.501HKD | Hong Kong | -0.1 | -0.8 | 2.6 | -5.6 | EUR1=0.938CHF | Switzerland | -0.2 | -0.2 | -2.3 | -12.6 | EUR1=1.505CAD | Canada | 0.5 | 0.7 | 4.4 | 4.1 | EUR1=11.363SEK | Sweden | -0.2 | 0.1 | -1.6 | 12.4 | EUR1=11.764NOK | Norway | -0.5 | 0.4 | 2.5 | 19.0 | EUR1=21.453MXN | Mexico | 1.0 | -0.2 | 12.2 | -10.1 |
1 Dividend; 2 Financials as Reported H1/2024, FY 2023, Past 10 Years
Dividend Dividend History In the past 5 years annual dividends have increased by 22.0c from 50.0c to 72.0c. Based on a start date of 5 years ago, there has been one decline in dividends over the last 5 years.
Date Paid | Value (c) | Type | 04 Jun 2024 | 42 | Interim | 04 Dec 2023 | 30 | Interim | Tr 12 Months | 72 | | 2022 - 2023 | 70 | | 2021 - 2022 | 30 | | 2020 - 2021 | 60 | | 2019 - 2020 | 50 | |
Financials as Reported H1/2024, FY 2023, Past 10 Years Financials as reported (Half Year)
RESULTS OF OPERATIONS AND FINANCIAL CONDITION (In EUR Million, except per share data and shares outstanding)
INCOME STATEMENT AS REPORTED
Description | EUR Million | EUR Million | | Jun 30 | 2024 | 2023 | Change % | Revenue | 19,839 | 19,352 | Up 2.5 | External purchases | -8,112 | -8,062 | Deterioration 0.6 | Other operating income | 466 | 381 | Up 22.3 | Other operating expenses | -255 | -123 | Deterioration 107.3 | Labor expenses | -4,354 | -4,489 | Improved 3.0 | Operating taxes and levies | -1,166 | -1,159 | Deterioration 0.6 | Gains (losses) on disposal of fixed assets investments and activities | -140 | 50 | Deterioration | Restructuring costs | -108 | -35 | Deterioration 208.6 | Depreciation and amortization of fixed assets | -3,102 | -3,091 | Deterioration 0.4 | Depreciation and amortization of financed assets | -77 | -59 | Deterioration 30.5 | Depreciation and amortization of right-of-use assets | -689 | -663 | Deterioration 3.9 | Impairment of goodwill | | | | Impairment of fixed assets | -13 | -4 | Deterioration 225.0 | Impairment of right-of-use assets | -34 | -28 | Deterioration 21.4 | Share of profits (losses) of associates and joint ventures | -222 | -8 | Deterioration 2,675.0 | Operating income | 2,032 | 2,061 | Down 1.4 | Cost of gross financial debt excluding financed assets | -499 | -526 | Improved 5.1 | Interests on debts related to financed assets | -8 | -6 | Deterioration 33.3 | Gains (losses) on assets contributing to net financial debt | 180 | 130 | Up 38.5 | Foreign exchange gain (loss) | -38 | -32 | Deterioration 18.8 | Interests on lease liabilities | -125 | -101 | Deterioration 23.8 | Other net financial expenses | -38 | -42 | Improved 9.5 | Finance costs net | -528 | -577 | Improved 8.5 | Income taxes | -620 | -428 | Deterioration 44.9 | Consolidated net income of continuing operations | 884 | 1,055 | Down 16.2 | Consolidated net income of discontinued operations | 209 | 33 | Up 533.3 | Consolidated net income | 1,092 | 1,088 | Up 0.4 | Net income attributable to owners of the parent company | 824 | 877 | Down 6.0 | Non-controlling interests | 268 | 211 | Up 27.0 | Earnings per share (in euros) attributable to parent company | | | | Net income of continuing operations | | | | basic | 20.0c | 28.0c | Down 28.6 | diluted | 20.0c | 28.0c | Down 28.6 | Net income of discontinued operations | | | | basic | 8.0c | 1.0c | Up 700.0 | diluted | 8.0c | 1.0c | Up 700.0 | Net income | | | | basic | 28.0c | 30.0c | Down 6.7 | diluted | 28.0c | 30.0c | Down 6.7 |
BALANCE SHEET AS REPORTED
Description | EUR Million | EUR Million | | | Jun 30, 2024 | Dec 31, 2023 | Change % | Assets | | | | Goodwill | 21,081 | 23,775 | Down 11.3 | Other Intangible assets | 12,754 | 15,098 | Down 15.5 | Property plant and equipment | 29,783 | 33,193 | Down 10.3 | Right-of-use assets | 7,076 | 8,175 | Down 13.4 | Interests in associates and joint ventures | 4,181 | 1,491 | Up 180.4 | Non-current financial assets related to Mobile Financial Services activities | 274 | 297 | Down 7.7 | Non-current financial assets | 1,012 | 1,036 | Down 2.3 | Non-current derivatives assets | 1,088 | 956 | Up 13.8 | Other non-current assets | 165 | 192 | Down 14.1 | Deferred tax assets | 579 | 598 | Down 3.2 | Total non-current assets | 77,992 | 84,811 | Down 8.0 | Inventories | 904 | 1,152 | Down 21.5 | Trade receivables | 5,578 | 6,013 | Down 7.2 | Other customer contract assets | 1,569 | 1,795 | Down 12.6 | Current financial assets related to Mobile Financial Services activities | 2,144 | 3,184 | Down 32.7 | Current financial assets | 3,473 | 2,713 | Up 28.0 | Current derivatives assets | 33 | 37 | Down 10.8 | Other current assets | 2,446 | 2,388 | Up 2.4 | Operating taxes and levies receivables | 1,200 | 1,233 | Down 2.7 | Current taxes assets | 179 | 240 | Down 25.4 | Prepaid expenses | 757 | 868 | Down 12.8 | Cash and cash equivalents | 8,148 | 5,618 | Up 45.0 | Total current assets | 26,430 | 25,241 | Up 4.7 | | 26,431 | 25,241 | Up 4.7 | Total assets | 104,423 | 110,052 | Down 5.1 | Equity and liabilities | | | | Share capital | 10,640 | 10,640 | Steady | Share premiums and statutory reserve | 16,859 | 16,859 | Steady | Subordinated notes | 4,950 | 4,950 | Steady | Retained earnings | -1,047 | -625 | Deterioration 67.5 | Equity attributable to the owners of the parent company | 31,402 | 31,825 | Down 1.3 | Non-controlling interests | 3,085 | 3,274 | Down 5.8 | Total equity | 34,488 | 35,098 | Down 1.7 | Non-current financial liabilities | 29,775 | 30,535 | Down 2.5 | Non-current derivatives liabilities | 228 | 225 | Up 1.3 | Non-current lease liabilities | 6,002 | 7,099 | Down 15.5 | Non-current fixed assets payables | 1,151 | 1,608 | Down 28.4 | Non-current financial liabilities related to Mobile Financial Services activities | 68 | 73 | Down 6.8 | Non-current employee benefits | 2,395 | 2,551 | Down 6.1 | Non-current dismantling provisions | 693 | 698 | Down 0.7 | Non-current restructuring provisions | 216 | 196 | Up 10.2 | Other non-current liabilities | 307 | 299 | Up 2.7 | Deferred tax liabilities | 973 | 1,143 | Down 14.9 | Total non-current liabilities | 41,809 | 44,427 | Down 5.9 | Current financial liabilities | 5,734 | 5,451 | Up 5.2 | Current derivatives liabilities | 32 | 40 | Down 20.0 | Current lease liabilities | 1,402 | 1,469 | Down 4.6 | Current fixed assets payables | 2,137 | 2,926 | Down 27.0 | Trade payables | 6,503 | 7,042 | Down 7.7 | Customer contract liabilities | 2,512 | 2,717 | Down 7.5 | Current financial liabilities related to Mobile Financial Services activities | 1,832 | 3,073 | Down 40.4 | Current employee benefits | 2,334 | 2,632 | Down 11.3 | Current dismantling provisions | 31 | 40 | Down 22.5 | Current restructuring provisions | 241 | 281 | Down 14.2 | Other current liabilities | 3,137 | 2,779 | Up 12.9 | Operating taxes and levies payables | 1,655 | 1,483 | Up 11.6 | Current taxes payables | 489 | 460 | Up 6.3 | Deferred income | 88 | 135 | Down 34.8 | Total current liabilities | 28,127 | 30,526 | Down 7.9 | Total equity and liabilities | 104,423 | 110,052 | Down 5.1 |
CASH FLOW AS REPORTED
Description | EUR Million | EUR Million | | Jun 30 | 2024 | 2023 | Change % | Operating activities | | | | Consolidated net income | 1,092 | 1,088 | Up 0.4 | Non-monetary items and reclassified items for presentation | 6,564 | 6,517 | Up 0.7 | Operating taxes and levies | 958 | 1,223 | Down 21.7 | Gains (losses) on disposal of fixed assets investments and activities | 295 | -50 | Recovery | Other gains and losses | -28 | -22 | Deterioration 27.3 | Depreciation and amortization of fixed assets | 3,273 | 3,604 | Down 9.2 | Depreciation and amortization of financed assets | 77 | 59 | Up 30.5 | Depreciation and amortization of right-of-use assets | 720 | 745 | Down 3.4 | Changes in provisions | -173 | -151 | Deterioration 14.6 | Impairment of fixed assets | 13 | 4 | Up 225.0 | Impairment of right-of-use assets | 34 | 28 | Up 21.4 | Share of profits (losses) of associates and joint ventures | 222 | 8 | Up 2,675.0 | Operational net foreign exchange and derivatives | -1 | 8 | Deterioration | Finance costs net | 543 | 592 | Down 8.3 | Income taxes | 624 | 461 | Up 35.4 | Share-based compensation | 7 | 6 | Up 16.7 | Changes in working capital and operating banking activities(1) | -1,007 | 140 | Deterioration | Decrease (increase) in inventories gross | 72 | -14 | Recovery | Decrease (increase) in trade receivables gross | -240 | 220 | Deterioration | Increase (decrease) in trade payables | 236 | 126 | Up 87.3 | Changes in other customer contract assets and liabilities | 46 | 33 | Up 39.4 | Changes in other assets and liabilities(2) | -1,121 | -225 | Deterioration 398.2 | Other net cash out | -1,933 | -2,010 | Improved 3.8 | Operating taxes and levies paid | -901 | -804 | Deterioration 12.1 | Dividends received | 3 | 1 | Up 200.0 | Interest paid and interest rates effects on derivatives net(3) | -524 | -561 | Improved 6.6 | Income taxes paid | -511 | -647 | Improved 21.0 | Net cash provided by operating activities (a) | 4,716 | 5,736 | Down 17.8 | o/w discontinued operations | 105 | 630 | Down 83.3 | Investing activities | | | | Purchases and sales of property plant and equipment and intangible assets(4) | -3,406 | -3,809 | Improved 10.6 | Purchases of property plant and equipment and intangible assets(5) | -3,211 | -3,690 | Improved 13.0 | Increase (decrease) in fixed assets payables | -394 | -291 | Deterioration 35.4 | Investing donations received in advance | 63 | 5 | Up 1,160.0 | Sales of property plant and equipment and intangible assets | 136 | 166 | Down 18.1 | Cash paid for investment securities net of cash acquired | -3 | -1,350 | Improved 99.8 | Takeover of VOO in Belgium | | -1,349 | | Other | -3 | | | Investments in associates and joint ventures | -52 | -25 | Deterioration 108.0 | Purchases of investment securities measured at fair value | -16 | -40 | Improved 60.0 | Proceeds from sales of investment securities net of cash transferred | 4,392 | 29 | Up 15,044.8 | Loss of exclusive control of Orange Espagne and its subsidiaries | 4,425 | | | Sale of OCS and Orange Studio | -68 | | | Other | 35 | 29 | Up 20.7 | Other proceeds from sales of investment securities at fair value | 33 | 3 | Up 1,000.0 | Decrease (increase) in securities and other financial assets | -161 | 1,215 | Deterioration | Investments at fair value excluding cash equivalents | -705 | 1,205 | Deterioration | Sale of Orange Bank's credit portfolios in Spain | 556 | | | Other | -12 | 10 | Deterioration | Net cash used in investing activities | 787 | -3,978 | Recovery | o/w discontinued operations | -166 | -476 | Improved 65.1 | Financing activities | | | | Medium and long-term debt issuances | 324 | 836 | Down 61.2 | Medium and long-term debt redemptions and repayments | -940 | -834 | Deterioration 12.7 | Repayments of lease liabilities | -734 | -789 | Improved 7.0 | Increase (decrease) of bank overdrafts and short-term borrowings | -450 | 498 | Deterioration | Decrease (increase) in debt related financial assets | 230 | -260 | Recovery | o/w decrease (increase) of cash collateral deposits | 250 | -260 | Recovery | Exchange rates effects on derivatives net | -1 | -14 | Improved 92.9 | Subordinated notes issuances (purchases) and other related fees | -4 | 177 | Deterioration | Coupon on subordinated notes | -107 | -102 | Deterioration 4.9 | Proceeds (purchases) treasury shares | -9 | 2 | Deterioration | Capital increase (decrease) - non-controlling interests | 2 | 2 | Steady | Changes in ownership interests with no gain / loss of control | -14 | -10 | Deterioration 40.0 | Dividends paid to owners of the parent company | -1,117 | -1,064 | Deterioration 5.0 | Dividends paid to non-controlling interests | -213 | -222 | Improved 4.1 | Net cash used in financing activities | -3,034 | -1,779 | Deterioration 70.5 | o/w discontinued operations | 26 | -153 | Recovery | Cash change in cash and cash equivalents | 2,469 | -22 | Recovery | Net change in cash and cash equivalents | | | | Cash and cash equivalents in the opening balance | 5,618 | 6,004 | Down 6.4 | o/w cash and cash equivalents of continuing operations | 5,582 | 5,970 | Down 6.5 | o/w cash and cash equivalents of discontinued operations | 35 | 34 | Up 2.9 | Cash change in cash and cash equivalents | 2,469 | -22 | Recovery | Non-cash change in cash and cash equivalents | 61 | 40 | Up 52.5 | o/w effect of exchange rates changes and other non-monetary effects | 61 | 40 | Up 52.5 | Cash and cash equivalents in the closing balance | 8,148 | 6,022 | Up 35.3 |
Financials as reported (FY 2023 [year-ended 31 December 2023 ])
RESULTS OF OPERATIONS AND FINANCIAL CONDITION (In EUR Thousand, except per share data and shares outstanding)
INCOME STATEMENT AS REPORTED (FY 2023 [year-ended 31 December 2023 ])
Description | EUR Thousand | EUR Thousand | | Dec 31 | 2023 | 2022 | Change % | Retail service revenues | 1,355,136 | 1,009,493 | Up 34.2 | Convergent service revenues | 455,979 | 288,030 | Up 58.3 | Mobile only services revenues | 622,309 | 596,861 | Up 4.3 | Fixed only service revenues | 233,137 | 81,136 | Up 187.3 | IT & Integration Service | 43,711 | 43,466 | Up 0.6 | Equipment sales | 176,510 | 147,745 | Up 19.5 | Wholesale revenues | 190,875 | 210,178 | Down 9.2 | Other revenues | 26,959 | 23,798 | Up 13.3 | Revenues | 1,749,480 | 1,391,214 | Up 25.8 | Purchase of material | -213,942 | -185,867 | Deterioration 15.1 | Other direct costs | -427,727 | -381,269 | Deterioration 12.2 | Impairment loss on trade and other receivables including contract assets | 2,164 | -6,910 | Recovery | Direct costs | -639,505 | -574,046 | Deterioration 11.4 | Labour costs | -215,587 | -157,022 | Deterioration 37.3 | Commercial expenses | -50,495 | -28,521 | Deterioration 77.0 | Other IT & Network expenses | -174,080 | -103,872 | Deterioration 67.6 | Property expenses | -18,434 | -11,055 | Deterioration 66.7 | General expenses | -110,267 | -62,782 | Deterioration 75.6 | Other indirect income | 45,675 | 33,177 | Up 37.7 | Other indirect costs | -70,390 | -56,948 | Deterioration 23.6 | Depreciation of right-of-use of leased assets | -59,495 | -53,712 | Deterioration 10.8 | Indirect costs | -437,484 | -283,713 | Deterioration 54.2 | Other restructuring costs | -43,803 | -11,032 | Deterioration 297.1 | Depreciation and amortization of other intangible assets and property plant and equipment | -333,285 | -246,549 | Deterioration 35.2 | Impairment of goodwill | | -22,433 | | Impairment of fixed assets | -1,420 | -1,066 | Deterioration 33.2 | Share of profits (losses) of associates | 406 | 390 | Up 4.1 | Operating Profit (EBIT) | 78,802 | 95,745 | Down 17.7 | Financial result | -80,966 | -14,132 | Deterioration 472.9 | Financial costs | -80,966 | -14,132 | Deterioration 472.9 | Financial income | | | | Profit (loss) before taxation (PBT) | -2,163 | 81,613 | Deterioration | Tax expense | -8,622 | -23,454 | Improved 63.2 | Net profit (loss) for the period | -10,785 | 58,159 | Deterioration | Profit (loss) attributable to owners of the parent | 44 | 58,159 | Down 99.9 | Profit (loss) attributable to non-controlling interests | -10,829 | | | Consolidated Statement of Comprehensive Income | | | | Net profit (loss) for the period | -10,785 | 58,159 | Deterioration | Other comprehensive income (cash flow hedging net of tax) | -15,754 | 6,595 | Deterioration | Total comprehensive income for the period | -26,539 | 64,754 | Deterioration | Comprehensive income for the period attributable to owners of the parent company | -15,390 | 64,754 | Deterioration | Comprehensive income for the period attributable to non-controlling interests | -11,149 | | | Basic earnings per share (in EUR) | | 97.0c | | Diluted earnings per share (in EUR) | | 97.0c | | Weighted average number of ordinary shares (excl. treasury shares) | 59,944,757 | 59,944,757 | Steady | Diluted weighted average number of ordinary shares (excl. treasury shares) | 59,944,757 | 59,944,757 | Steady |
BALANCE SHEET AS REPORTED (FY 2023 [year-ended 31 December 2023 ])
Description | EUR Thousand | EUR Thousand | | Dec 31 | 2023 | 2022 | Change % | ASSETS | | | | Goodwill | 751,179 | 67,041 | Up 1,020.5 | Other intangible assets | 907,208 | 784,626 | Up 15.6 | Property plant and equipment | 1,787,469 | 644,600 | Up 177.3 | Rights-of-use of leased assets | 200,811 | 260,331 | Down 22.9 | Interests in associates and joint ventures | 6,556 | 6,151 | Up 6.6 | Non-current financial assets | 1,371 | 1,370 | Up 0.1 | Non-current derivatives assets | | 9,926 | | Other non-current assets | 1,217 | 720 | Up 69.0 | Deferred tax assets | 6,801 | 1,604 | Up 324.0 | Total non-current assets | 3,662,612 | 1,776,369 | Up 106.2 | Inventories | 51,424 | 25,493 | Up 101.7 | Trade receivables | 217,937 | 166,445 | Up 30.9 | Other Assets related to contracts with customers | 100,653 | 71,514 | Up 40.7 | Current financial assets | 3 | | | Current derivatives assets | 511 | 463 | Up 10.4 | Other current assets | 14,961 | 8,447 | Up 77.1 | Operating taxes and levies receivables | 674 | 3,720 | Down 81.9 | Current tax assets | 4,667 | 277 | Up 1,584.8 | Prepaid expenses | 24,257 | 2,927 | Up 728.7 | Cash and cash equivalents | 47,717 | 35,896 | Up 32.9 | Total current assets | 462,803 | 315,181 | Up 46.8 | Total Assets | 4,125,414 | 2,091,549 | Up 97.2 | EQUITY AND LIABILITIES | | | | Share capital | 131,721 | 131,721 | Steady | Legal reserve | 13,172 | 13,172 | Steady | Retained earnings (excl. legal reserve) | 519,583 | 544,089 | Down 4.5 | Equity attributable to the owners of the parent | 664,476 | 688,982 | Down 3.6 | Total equity | 664,476 | 688,982 | Down 3.6 | Non-current financial liabilities | 1,924,737 | 120,794 | Up 1,493.4 | Non-current lease liabilities | 155,164 | 217,517 | Down 28.7 | Non-current derivatives liabilities | 9,375 | | | Non-current fixed assets payable | 144,814 | 150,348 | Down 3.7 | Non-current employee benefits | 3,170 | 28 | Up 11,221.4 | Non-current provisions for dismantling | 54,486 | 58,103 | Down 6.2 | Other non-current liabilities | 36,168 | 1,899 | Up 1,804.6 | Deferred tax liabilities | 65,524 | 8,413 | Up 678.8 | Total non-current liabilities | 2,393,438 | 557,102 | Up 329.6 | Current fixed assets payable | 77,360 | 256,520 | Down 69.8 | Trade payables | 283,236 | 223,860 | Up 26.5 | Current financial liabilities | 347,013 | 105,797 | Up 228.0 | Current lease liabilities | 49,605 | 44,553 | Up 11.3 | Current derivatives liabilities | 511 | 463 | Up 10.4 | Current employee benefits | 58,497 | 37,041 | Up 57.9 | Current provisions for dismantling | 7,465 | 6,787 | Up 10.0 | Current restructuring provisions | 3,381 | 2,105 | Up 60.6 | Other current liabilities | 18,076 | 7,096 | Up 154.7 | Operating taxes and levies payables | 133,588 | 85,843 | Up 55.6 | Current tax payables | 20,858 | 13,322 | Up 56.6 | Liabilities related to contracts with customers | 67,571 | 61,085 | Up 10.6 | Deferred income | 339 | 995 | Down 65.9 | Total current liabilities | 1,067,500 | 845,465 | Up 26.3 | Total Equity and Liabilities | 4,125,414 | 2,091,549 | Up 97.2 |
CASH FLOW AS REPORTED (FY 2023 [year-ended 31 December 2023 ])
Description | EUR Thousand | EUR Thousand | | Dec 31 | 2023 | 2022 | Change % | Operating Activities | | | | Consolidated net profit | -10,785 | 58,159 | Deterioration | Adjustments to reconcile net profit (loss) to cash generated from operations | | | | Operating taxes and levies | 26,868 | 27,301 | Down 1.6 | Depreciation and amortization of other intangible assets and property plant and equipment | 333,285 | 246,549 | Up 35.2 | Depreciation of right-of-use assets | 59,495 | 53,712 | Up 10.8 | Impairment of goodwill | | 22,433 | | Impairment of non-current assets | 1,420 | 1,066 | Up 33.2 | Gains (losses) on disposal | -996 | -1,085 | Improved 8.2 | Changes in other provisions | -9,744 | -1,850 | Deterioration 426.7 | Share of profits (losses) of associates and joint ventures | -406 | -390 | Deterioration 4.1 | Income tax expense | 8,622 | 23,454 | Down 63.2 | Finance costs net | 80,966 | 14,132 | Up 472.9 | Operational net foreign exchange and derivatives | 145 | 175 | Down 17.1 | Share-based compensation | 149 | 98 | Up 52.0 | Impairment loss on trade and other receivables including contract assets | -2,164 | 6,910 | Deterioration | Changes in working capital requirements | | | | Decrease (increase) in inventories gross | -2,648 | -2,195 | Deterioration 20.6 | Decrease (increase) in trade receivables gross | 38,833 | 14,778 | Up 162.8 | Increase (decrease) in trade payables | -39,604 | -35,088 | Deterioration 12.9 | Change in other assets related to contracts with customers | -15,161 | -9,953 | Deterioration 52.3 | Change in liabilities related to contracts with customers | 3,249 | 5,063 | Down 35.8 | Changes in other assets and liabilities | 2,415 | 2,054 | Up 17.6 | Other net cash out | | | | Operating taxes and levies paid | -6,744 | -11,503 | Improved 41.4 | Interest paid and interest rates effects on derivatives net | -78,192 | -5,106 | Deterioration 1,431.4 | Income tax paid | -11,724 | -19,211 | Improved 39.0 | Net cash provided by operating activities | 377,279 | 389,503 | Down 3.1 | Investing Activities | | | | Purchases of property plant and equipment and intangible assets | | | | Purchases of property plant and equipment and intangible assets | -304,094 | -776,917 | Improved 60.9 | Increase (decrease) in fixed assets payables | -198,773 | 323,852 | Deterioration | Cash paid for investments securities and acquired businesses net of cash acquired | -1,373,413 | | | Proceeds from sale of investment securities and businesses net of cash sold | 1,504 | | | Decrease (increase) in securities and other financial assets | -36 | 429 | Deterioration | Net cash used in investing activities | -1,874,811 | -452,636 | Deterioration 314.2 | Financing Activities | | | | Issuance of long-term debt | 2,231,592 | 480,052 | Up 364.9 | Long-term debt redemptions and repayments | -494,681 | -481,514 | Deterioration 2.7 | Repayment of lease liabilities | -56,520 | -51,645 | Deterioration 9.4 | Increase (decrease) of bank overdrafts and short-term borrowings | -170,636 | 98,402 | Deterioration | Purchase of treasury shares | | | | Dividends paid to owners of the parent company | -403 | -1 | Deterioration 40,200.0 | Net cash from financing activities | 1,509,353 | 45,295 | Up 3,232.3 | Net change in cash and cash equivalents | 11,821 | -17,839 | Recovery | Cash and cash equivalents -opening balance | 35,896 | 53,735 | Down 33.2 | o/w cash | 35,896 | 23,957 | Up 49.8 | o/w cash equivalents | | 29,778 | | Cash change in cash and cash equivalents | 11,821 | -17,839 | Recovery | Cash and cash equivalents -closing balance | 47,717 | 35,896 | Up 32.9 |
Download ORANGE Financials Past 10 Years
Description (December 31) | 2023 | 2022 | 2021 | 2020 | 2019 | Income Statement | | | | | | Revenue per share | 29.18 | 23.21 | | | 15.71 | Other Revenue (M) | 27 | 23.8 | | | (99) | EBITDA | (335.4 M) | (164.9 M) | | | 13 B | Depreciation | (333.3 M) | (246.5 M) | (8.6 B) | (8.6 B) | 8.3 B | Tax | (8.6 M) | (23.5 M) | (962 M) | 848 M | 1.4 B | Net profit | 44,000 | 58.2 M | 233 M | 4.8 B | 3 B | EPS | | 0.97 | | 1.72 | 1 | Balance Sheet | | | | | | Equity Share Capital | 664.5 M | 689 M | 32.3 B | 34.6 B | 29 B | Total Debt | 2.5 B | 488.7 M | 43.4 B | 42.6 B | 47.8 B | Total Assets (B) | 4.1 | 2.1 | 108.1 | 107.7 | 106.3 | Current Asset | 462.8 M | 315.2 M | 25.8 B | 25.1 B | 25 B | Fixed Asset | 1.8 B | 644.6 M | 30.5 B | 29.1 B | 34.7 B | Working Capital | (604.7 M) | (530.3 M) | (1.4 B) | (3.2 B) | (2.7 B) | Cash Flow | | | | | | Operating Cash Flow | 377.3 M | 389.5 M | 11.2 B | 12.7 B | 10.2 B | Investing Cash Flow | (1.9 B) | (452.6 M) | (6 B) | (5.6 B) | (9.4 B) | Financing Cash Flow | 1.5 B | 45.3 M | (4.8 B) | (5.4 B) | 55 M | Net Cash Flow | 11.8 M | (17.8 M) | 426 M | 1.7 B | 844 M |
Description (December 31) | 2018 | 2017 | 2016 | 2015 | 2014 | Income Statement | | | | | | Revenue per share | 15.57 | 13.37 | 15.7 | 15.14 | 15.24 | Other Revenue (M) | 32 | (378) | 739 | 642 | 674 | EBITDA (B) | 10.5 | 10 | | | 9.2 | Depreciation (B) | 7 | 6.8 | (6.7) | (6.5) | 6.3 | Tax | 1.3 B | 1.1 B | (970 M) | (649 M) | (1.6 B) | Net profit (B) | 2 | 1.9 | 2.9 | 2.7 | 1.2 | EPS | 0.66 | 1 | 1.04 | 0.92 | 0.31 | Balance Sheet | | | | | | Equity Share Capital (B) | 28.1 | 30.5 | 30.7 | 30.9 | 29.6 | Retained Earnings (B) | | | (2.6) | (2.3) | 2.2 | Total Debt (B) | 38.5 | 37.3 | 4.4 | | 34.4 | Total Assets (B) | 96.6 | 94.7 | 94.7 | 91.4 | 88.4 | Current Asset (B) | 21.9 | 20.7 | 18.8 | 14.3 | 14.5 | Fixed Asset (B) | 27.7 | 26.7 | 25.9 | 25.1 | 23.3 | Working Capital (B) | (8.4) | (8.4) | (6.6) | (7.3) | (5.6) | Cash Flow | | | | | | Operating Cash Flow (B) | 9.5 | 10.2 | 8.8 | 9.5 | 8.8 | Investing Cash Flow (B) | (8.6) | (7.9) | (4.9) | (9.4) | (6.4) | Financing Cash Flow | (1.1 B) | (2.7 B) | (1.9 B) | (3.9 B) | (154 M) | Net Cash Flow | (177 M) | (505 M) | 2 B | (3.8 B) | 2.3 B |
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