Orange revenue in Spain grew by 1.1% in 2023

Total income Orange in Spain they grew by 1.1% in fiscal 2023, to 4.698 million euros, “thanks to growth in retail services (sales of operator services, +1.8% to 3.192 million) during the four quarters, driven by convergence services.” (landline+mobile+TV)” according to the company. ARPO (average revenue per customer) grew every quarter. This first time What Orange Spain manages to increase retail revenues since 2018.

Wholesale profit, one of the fundamental parts of business Orange In Spain, they fell 9.6% to 793 million, while technology sales – mainly the sale of mobile phones, tablets and other devices – soared 12.5% ​​to 711 million.

The company noted that “in a very competitive market, Spain continues to maintain its growth by focusing on customer value management as well as a strong promotion policy.” This trend has become widespread across the industry, especially in the high- and mid-range segment, and for at least two years now, competition for promotion between operators in the market has decreased significantly, which in turn has caused a decrease in portability when a customer switches operators. The French group also indicated that its business is growing in all B2B segments, that is, in corporate business, from the self-employed and SMEs to large clients.

Gross operating profit (ebitdaal) amounted to 1.246 million and showed strong growth, increasing by 12.2%. At the same time, capital costs (material investments, mainly in telecommunication networks and IT systems) decreased significantly – by 12.2% to 755 million rubles.

Fourth trimester

In the fourth quarter of 2023, total revenue fell 0.5% year-over-year to 1.198 million, down significantly due to a sharp drop in wholesale revenue, which fell 16% to 197 million, and retail revenue amounted to 802 million. They achieved an increase of 1.5%. This retail revenue growth in the fourth quarter of 2023 compares with a decline of 10.6% in the fourth quarter of 2020, -5.4% in the final quarter of 2021, and -0.2% in the fourth quarter of 2022, reflecting an improving trend . in the fundamental segment of the operator’s income.

Fields

In its presentation, the company highlighted that EBITDAAL for the second half of the year increased by 13.3% after also growing by 11% in the first half of the year. And this increase in EBITDAAL, coupled with a decrease in investments (capex), catapulted cash flow (EBITDAAL less Capex), which grew by 243 million year over year.

Merger with Orange

The French company said it expects the financial and legal completion of the merger with More detailsMobile in Spain at the end of the first quarter of 2024, as it “believes” that the European Commission will make a decision on February 22, as already announced by the Community Executive. Orange and MasMoville have already reached a final agreement with the European Commission, as EXPANSIÓN announced yesterday, regarding Facilities what should they provide Digi, to reach the community green light.