{"id":9277,"date":"2018-06-14T08:48:51","date_gmt":"2018-06-14T08:48:51","guid":{"rendered":"http:\/\/localhost:8080\/?p=9277"},"modified":"2018-06-14T08:48:51","modified_gmt":"2018-06-14T08:48:51","slug":"resultats-financier-du-groupe-orange-1er-trimestre-2018","status":"publish","type":"post","link":"https:\/\/dev.cfecgc-orange.app\/index.php\/2018\/06\/14\/resultats-financier-du-groupe-orange-1er-trimestre-2018\/","title":{"rendered":"R\u00e9sultats financiers du Groupe Orange – 1er trimestre 2018"},"content":{"rendered":"

[French version here\/English version below<\/em>]<\/p>\n

Dans le cadre du Comit\u00e9 de Groupe Europ\u00e9en d’Orange des 28, 29 et 30 mai 2018 \u00e0 Stockholm, la Direction du Groupe a inscrit un point \u00e0 l’ordre du jour relatif aux r\u00e9sultats financiers d\u2019Orange au premier trimestre 2018, pr\u00e9sent\u00e9 par Pascal Marchand, Directeur du Contr\u00f4le de Gestion central du Groupe.<\/p>\n

Les r\u00e9sultats financiers, qu\u2019ils soient, annuels pour le premier Comit\u00e9 de Groupe Europ\u00e9en, ou trimestriels pour les deux derniers Comit\u00e9s de l\u2019ann\u00e9e en cours, demeurent le premier sujet de la r\u00e9union pl\u00e9ni\u00e8re. Pr\u00e9c\u00e9d\u00e9s d\u2019une pr\u00e9sentation par conf\u00e9rence t\u00e9l\u00e9phonique, les principaux chiffres sont par avance connus des membres du Comit\u00e9.<\/p>\n

Ceux du 1er trimestre 2018 s\u2019inscrivent dans la lign\u00e9e de ceux de l\u2019ann\u00e9e pr\u00e9c\u00e9dente: le chiffre d\u2019affaires du Groupe s\u2019affiche \u00e0 nouveau en progression ce trimestre \u00e0 2%. La croissance de l\u2019EBITDA ajust\u00e9 sur le trimestre est notable (+4,4% yoy) et la croissance du cash-flow op\u00e9rationnel (+4% yoy) se poursuit par rapport au m\u00eame trimestre 2017.<\/p>\n

Les pays repr\u00e9sent\u00e9s au Comit\u00e9 de Groupe Europ\u00e9en affichent une tendance globale positive avec toutefois des situations contrast\u00e9es. Le chiffre d’affaires de la France pr\u00e9sente une progression tr\u00e8s l\u00e9g\u00e8rement sup\u00e9rieure \u00e0 celle du Groupe (+2,1%). L\u2019Espagne reste tr\u00e8s dynamique avec un chiffre d’affaires en hausse toujours significative (+4,4%). Les r\u00e9sultats des pays dits d\u2019Europe centrale sont pr\u00e9sent\u00e9s de mani\u00e8re d\u00e9taill\u00e9e: la Roumanie est ainsi le pays europ\u00e9en avec une croissance du chiffre d’affaires \u00e0 deux chiffres (+11,1%). L\u2019EBITDA y a cependant souffert de l\u2019effet roaming et y est en recul (-1,6%). Les r\u00e9sultats de la Slovaquie sont proches de ceux du Groupe pour le chiffre d’affaires et en forte hausse pour l\u2019EBITDA (+ 11,6%). Le chiffre d’affaires de la Moldavie est stable, son EBITDA en retrait en raison d\u2019un important recul des services wholesale. De mani\u00e8re g\u00e9n\u00e9rale pour cette r\u00e9gion de l\u2019Europe, la baisse des frais de roaming impacte n\u00e9gativement la marge. La croissance du chiffre d’affaires de la  Belgique et Luxembourg r\u00e9unis est en dessous de celle globale du Groupe. En Pologne, la d\u00e9croissance est ralentie.<\/p>\n

Sur le march\u00e9 Entreprises, les ventes de nouveaux services (+20% pour la cyberd\u00e9fense et +17% pour le cloud) continuent \u00e0 progresser tr\u00e8s fortement et, avec les ventes mobiles (+1 ,8%), permettent au chiffre d\u2019affaires de r\u00e9sister malgr\u00e9 un repli du fixe (-2,7%).<\/p>\n

La Direction estime que ces progressions r\u00e9sultent des choix strat\u00e9giques de l\u2019entreprise, notamment du succ\u00e8s des offres convergentes, \u00e0 la fois outil de conqu\u00eate et de r\u00e9tention des clients, qui sont d\u00e9sormais disponibles sur l\u2019ensemble du p\u00e9rim\u00e8tre europ\u00e9en. Pour la Direction, ces r\u00e9sultats sont aussi le fruit du d\u00e9veloppement des ventes nettes d\u2019abonnements mobiles et FTTH (FiberToTheHome).<\/p>\n

Avec 1,5 Md\u20ac de CAPEX dans le r\u00e9seau Tr\u00e8s Haut D\u00e9bit (THD) fixe et mobile, la couverture 4G et le nombre de foyers raccordables \u00e0 la fibre ont permis d\u2019\u00e9largir consid\u00e9rablement la base clients THD du Groupe : 48 millions de clients 4G et 5,1 millions de clients THD fixe. Le wholesale contribue aussi \u00e0 la bonne performance, en particulier en Espagne et Roumanie. La croissance de l’EBITDA s’appuie sur la hausse du chiffre d’affaires sur la majorit\u00e9 des g\u00e9ographies du Groupe conjointement \u00e0 la ma\u00eetrise de nos co\u00fbts.<\/p>\n

Dans ce contexte les objectifs 2018 sont confirm\u00e9s. La Direction pr\u00e9voit une acc\u00e9l\u00e9ration de la croissance de l\u2019EBITDA et du cash flow op\u00e9rationnel en 2018 versus 2017. En 2019 les CAPEX devraient conna\u00eetre une d\u00e9croissance.<\/p>\n

La pr\u00e9sentation de Pascal Marchand a fait une part plus large que d\u2019ordinaire au benchmark externe et a fourni aux membres du comit\u00e9 des informations sur le positionnement du Groupe par rapport \u00e0 ses concurrents mondiaux et europ\u00e9ens. Orange se maintient \u00e0 la douzi\u00e8me place des op\u00e9rateurs au niveau mondial. En comparaison, le Groupe Altice a perdu 4 places. Les principaux concurrents europ\u00e9ens Deutsche Telekom, Vodafone, Telefonica et Telecom Italia am\u00e9liorent tous plus fortement qu\u2019Orange leur croissance, \u00e0 l\u2019exception de British Telecom, seul des 6 op\u00e9rateurs \u00e0 enregistrer un recul. Sur 4 ann\u00e9es cons\u00e9cutives toutefois, Orange a une croissance sup\u00e9rieure et plus r\u00e9guli\u00e8re que ses pairs. La progression de l\u2019EBITDA d\u2019Orange est aussi la meilleure sur 4 ans. Le ratio CAPEX\/revenus d\u2019Orange est enfin le plus \u00e9lev\u00e9 sur cette p\u00e9riode qui correspond au cycle d\u2019investissements lourds d\u2019Orange.<\/p>\n

Les membres du Comit\u00e9 de Groupe Europ\u00e9en ont not\u00e9 avec satisfaction la pr\u00e9sentation s\u00e9par\u00e9e des r\u00e9sultats de la Roumanie, la Slovaquie et la Moldavie conform\u00e9ment \u00e0 leur demande. En effet, les pays d\u2019Europe centrale r\u00e9alisent une excellente performance, avec un chiffre d’affaires en hausse \u00e0 +7,3% globalement, mais les membres du Comit\u00e9 avaient souhait\u00e9 disposer de r\u00e9sultats par pays. Ils ont renouvel\u00e9 leur demande en ce sens pour la Belgique et le Luxembourg. Par ailleurs, ils d\u00e9clarent avoir <\/b>appr\u00e9ci\u00e9 cette pr\u00e9sentation plus courte et plus int\u00e9ressante, en particulier gr\u00e2ce aux donn\u00e9es du benchmark externe. Ils demandent une information encore plus percutante qui pointe les \u00e9carts de r\u00e9sultats d\u2019un trimestre \u00e0 l\u2019autre. Un focus sur les OPEX a \u00e9t\u00e9 sollicit\u00e9 pour la prochaine session. <\/b><\/p>\n

[English version<\/em>]<\/p>\n

As part of the Orange European Works Council meeting on May 28th, 29th and 30th, 2018, in Stockholm, the Group’s management has included an item on the agenda relating to Orange’s financial results for the first quarter of 2018, presented by Pascal Marchand, Group Central Financial Control Director.<\/p>\n

The financial results, whether annual, for the first European Works Council (EWC), or quarterly for the last two EWCs of the current year, remain the first topic of the plenary meeting. Preceded by a conference call presentation, the members of the committee already knew the main figures.<\/p>\n

Those of Q1 2018 are in line with those of the previous year. The Group’s revenue is once again up in the quarter at 2%. Adjusted EBITDA growth for the quarter was significant (+ 4.4% yoy) and growth in operating cash flow (+ 4% yoy) continued positively compared to the same quarter of 2017.<\/p>\n

The countries represented in the EWC show a positive global trend, but with contrasting situations. France’s revenue increased slightly more than the Group’s (+ 2.1%). Spain remains very dynamic with revenue still up significantly (+ 4.4%). The results of the so-called Central European countries are presented in detail: Romania is thus the European country with double-digit turnover growth (+ 11.1%). EBITDA, however, suffered from the roaming effect and was slightly down (-1.6%). Slovakia’s results are close to those of the Group for sales and a strong increase for EBITDA (+ 11.6%). Moldova’s revenue is stable, with EBITDA down because of a sharp decline in wholesale services. In general, for this region of Europe the drop in roaming charges has a negative impact on the margin. Sales growth in Belgium and Luxembourg combined is below that of the Group overall. In Poland the decline has moderately slowed down.<\/p>\n

In the corporate market, thanks to sales of new services (+ 20% for cyberdefence and + 17% for the cloud) which continue to grow very strongly and, to mobile sales (+1, 8%), the turnover resist despite a decline in the fixed lines services(-2.7%).<\/p>\n

Management believes that these increases are the result of the company’s strategic choices, particularly the success of convergent offers which are tools to conquer and maintain a solid customer base. Convergent offers are now available throughout Europe. For Management these results are also due to the development of net sales of mobile subscriptions and FTTH (FiberToTheHome).<\/p>\n

With \u20ac 1.5bn of CAPEX in the fixed and mobile THD network, the 4G coverage and the number of homes connectable to fiber have significantly expanded the Group’s THD customer base : 48 Million 4G customers and 5.1 million of THD fixed network customers. The wholesale sector also contributes to the good performance, especially in Spain and Romania. The growth in EBITDA is based on the increase in sales in most of the Group’s countries as well as the control of our costs.<\/p>\n

In this context, the 2018 targets are confirmed. Management anticipates an acceleration in EBITDA growth and operational cash flow in 2018 versus 2017. In 2019, investments should experience a decrease.<\/p>\n

Pascal Marchand’s presentation was broader than usual in the external benchmark and provided the committee members with information on the Group’s position relative to its global and European competitors. Orange remains in the twelfth place worldwide. In comparison, Altice Group has lost 4 places. The main European competitors Deutsche Telekom, Vodafone, Telefonica and Telecom Italia have all shown a greater improvement than Orange in their individual growth with the exception of only BT, being of the 6 operators to record a decline. Over 4 consecutive years, however, Orange has a higher and more regular growth than its competitors. The growth of Orange’s EBITDA has also proven to be the best over 4 years. The CAPEX\/revenue ratio is finally the highest one for this period, which corresponds to Orange’s heavy investment cycle.<\/p>\n

The European Works Council representatives noted with satisfaction the separate presentation of the results of Romania, Slovakia and Moldova in accordance with their request. Indeed, if the countries of Central Europe achieved an excellent performance, with a turnover up + 7.3% overall, they would have wanted to know results from each country. They renewed their request to this effect for Belgium and Luxembourg. They <\/b>appreciated this shorter and more interesting presentation, in particular thanks to the data of the external benchmark. They are asking for even more powerful information that points to differences in results from one quarter to the next. <\/b>A focus on OPEX was requested for the next session.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

[French version here\/English version below] Dans le cadre du Comit\u00e9 de Groupe Europ\u00e9en d’Orange des 28, 29 et 30 mai 2018 \u00e0 Stockholm, la Direction du Groupe a inscrit un […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[118],"tags":[],"class_list":["post-9277","post","type-post","status-publish","format-standard","hentry","category-comite-groupe-europe-monde"],"blog_post_layout_featured_media_urls":{"thumbnail":"","full":""},"categories_names":{"118":{"name":"Comit\u00e9 Groupe Europe+Monde","link":"https:\/\/dev.cfecgc-orange.app\/index.php\/category\/comites-groupe\/comite-groupe-europe-monde\/"}},"tags_names":[],"comments_number":"0","wpmagazine_modules_featured_media_urls":{"thumbnail":"","cvmm-medium":"","cvmm-medium-plus":"","cvmm-portrait":"","cvmm-medium-square":"","cvmm-large":"","cvmm-small":"","full":""},"_links":{"self":[{"href":"https:\/\/dev.cfecgc-orange.app\/index.php\/wp-json\/wp\/v2\/posts\/9277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.cfecgc-orange.app\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.cfecgc-orange.app\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.cfecgc-orange.app\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.cfecgc-orange.app\/index.php\/wp-json\/wp\/v2\/comments?post=9277"}],"version-history":[{"count":0,"href":"https:\/\/dev.cfecgc-orange.app\/index.php\/wp-json\/wp\/v2\/posts\/9277\/revisions"}],"wp:attachment":[{"href":"https:\/\/dev.cfecgc-orange.app\/index.php\/wp-json\/wp\/v2\/media?parent=9277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.cfecgc-orange.app\/index.php\/wp-json\/wp\/v2\/categories?post=9277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.cfecgc-orange.app\/index.php\/wp-json\/wp\/v2\/tags?post=9277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}