Financials Orange

Equities

Real-time Euronext Paris Other stock markets 16:29:59 17/09/2024 BST			5-day change	1st Jan Change
10.84 ^EUR	-0.64%		+0.79%	+5.15%

09-12	Ericsson to Form Network API JV with Deutsche Telekom, Others	MT
09-12	Ericsson and Telecom Operators Join Forces in New Digital Services Venture	DJ

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	42,238	42,270	42,522	43,471	44,122	40,332	41,032	41,530
Change	-	0.08%	0.6%	2.23%	1.5%	-8.59%	1.74%	1.21%
EBITDA ¹	12,860	12,680	12,566	12,963	13,035	12,020	12,307	12,606
Change	-	-1.4%	-0.9%	3.16%	0.56%	-7.79%	2.39%	2.43%
EBIT ¹	4,497	4,107	7,969	5,943	5,610	5,371	5,890	6,315
Change	-	-8.67%	94.03%	-25.42%	-5.6%	-4.27%	9.67%	7.22%
Interest Paid ¹	-1,254	-1,314	-782	-920	-1,206	-1,031	-974.9	-946.6
Earnings before Tax (EBT) ¹	4,673	4,207	1,740	3,882	3,763	4,370	4,882	5,440
Change	-	-9.97%	-58.64%	123.1%	-3.07%	16.13%	11.73%	11.41%
Net income ¹	3,006	4,822	233	2,146	2,440	2,706	2,992	3,285
Change	-	60.41%	-95.17%	821.03%	13.7%	10.89%	10.6%	9.79%
Announcement Date	13/02/20	18/02/21	17/02/22	16/02/23	15/02/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	10,577	11,088	10,394	10,375	10,584	10,917	10,315	10,551	10,508	11,147	10,582	10,715	10,823	11,351	10,619	10,926	10,999	11,578	9,850	9,989	9,832	10,520
Change	-	4.83%	-6.26%	-0.18%	2.01%	3.15%	-5.51%	2.29%	-0.41%	6.08%	-5.07%	1.26%	1.01%	4.88%	-6.45%	2.89%	0.67%	5.26%	-14.92%	1.41%	-1.57%	7%
EBITDA ¹	3,615	3,288	2,602	3,312	3,584	3,182	2,565	3,272	3,550	3,179	2,620	3,314	3,582	3,448	2,590	3,305	3,596	3,544	2,406	3,106	3,270	3,234
Change	-	-9.05%	-20.86%	27.29%	8.21%	-11.22%	-19.39%	27.56%	8.5%	-10.45%	-17.58%	26.49%	8.09%	-3.74%	-24.88%	27.61%	8.8%	-1.45%	-32.11%	29.09%	5.29%	-1.11%
EBIT	-	-	-	-	-	-	-	-	-	1,052	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-100%	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-1,384	-	1,388	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-100%	-	-100%	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	29/10/19	13/02/20	30/04/20	30/07/20	29/10/20	18/02/21	22/04/21	29/07/21	26/10/21	17/02/22	26/04/22	28/07/22	25/10/22	16/02/23	26/04/23	26/07/23	24/10/23	15/02/24	24/04/24	24/07/24	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 S1	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2024 S1
Net sales ¹	20,769	21,501	20,867	21,655	21,297	22,174	21,545	19,839
Change	-	3.52%	-2.95%	3.78%	-1.65%	4.12%	-2.84%	-7.92%
EBITDA ¹	5,914	6,766	5,837	6,729	5,934	7,029	5,895	5,511
Change	-	14.41%	-13.73%	15.28%	-11.81%	18.45%	-16.13%	-6.51%
EBIT	2,249	-	-	-	-	-	-	-
Change	-	-100%	-	-	-	-	-	-
Charge d'intérêts	-742	-572	-	-346	-373	-547	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Net income ¹	927	3,895	-	3,002	1,218	928	877	824
Change	-	320.17%	-100%	-	-59.43%	-23.81%	-5.5%	-6.04%
Announcement Date	30/07/20	18/02/21	29/07/21	17/02/22	28/07/22	16/02/23	26/07/23	24/07/24

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	29,732	23,489	24,269	25,298	27,002	22,538	22,510	21,763
Change	-	-21%	3.32%	4.24%	6.74%	-16.53%	-0.12%	-3.32%
Announcement Date	13/02/20	18/02/21	17/02/22	16/02/23	15/02/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	7,293	7,132	7,660	7,371	6,815	6,235	6,140	6,137
Change	-	-2.21%	7.4%	-3.77%	-7.54%	-8.51%	-1.53%	-0.04%
Free Cash Flow (FCF) ¹	2,866	5,565	3,576	3,864	5,239	3,120	3,502	3,683
Change	-	94.17%	-35.74%	8.05%	35.58%	-40.44%	12.22%	5.17%
Announcement Date	13/02/20	18/02/21	17/02/22	16/02/23	15/02/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	30.45%	30%	29.55%	29.82%	29.54%	29.8%	29.99%	30.35%
EBIT Margin (%)	10.65%	9.72%	18.74%	13.67%	12.71%	13.32%	14.35%	15.21%
EBT Margin (%)	11.06%	9.95%	4.09%	8.93%	8.53%	10.83%	11.9%	13.1%
Net margin (%)	7.12%	11.41%	0.55%	4.94%	5.53%	6.71%	7.29%	7.91%
FCF margin (%)	6.79%	13.17%	8.41%	8.89%	11.87%	7.74%	8.53%	8.87%
FCF / Net Income (%)	95.34%	115.41%	1,534.76%	180.06%	214.71%	115.33%	117.02%	112.1%
Profitability
ROA	2.96%	4.5%	0.22%	1.97%	2.22%	2.66%	2.81%	3.04%
ROE	9.64%	14.59%	6.1%	6.69%	7.67%	8.31%	8.77%	9.4%
Financial Health
Leverage (Debt/EBITDA)	2.31x	1.85x	1.93x	1.95x	2.07x	1.88x	1.83x	1.73x
Debt / Free cash flow	10.37x	4.22x	6.79x	6.55x	5.15x	7.22x	6.43x	5.91x
Capital Intensity
CAPEX / Current Assets (%)	17.27%	16.87%	18.01%	16.96%	15.45%	15.46%	14.96%	14.78%
CAPEX / EBITDA (%)	56.71%	56.25%	60.96%	56.86%	52.28%	51.87%	49.89%	48.68%
CAPEX / FCF (%)	254.47%	128.16%	214.21%	190.76%	130.08%	199.82%	175.33%	166.65%
Items per share
Cash flow per share ¹	3.779	4.731	4.228	4.182	4.531	3.414	3.634	3.753
Change	-	25.18%	-10.64%	-1.09%	8.35%	-24.64%	6.43%	3.29%
Dividend per Share ¹	0.7	0.7	0.7	0.7	0.7	0.745	0.7675	0.7967
Change	-	0%	0%	0%	0%	6.43%	3.02%	3.8%
Book Value Per Share ¹	11.97	12.98	12.16	11.96	11.97	12.27	12.92	13.33
Change	-	8.43%	-6.33%	-1.66%	0.1%	2.5%	5.31%	3.18%
EPS ¹	1.02	1.71	-	0.73	0.85	1.025	1.108	1.212
Change	-	67.65%	-	-	16.44%	20.55%	8.13%	9.4%
Nbr of stocks (in thousands)	2,651,165	2,658,157	2,631,971	2,657,122	2,659,182	2,658,153	2,658,153	2,658,153
Announcement Date	13/02/20	18/02/21	17/02/22	16/02/23	15/02/24	-	-	-