Orange CEO Interview - H1 2020 Results (video)

Rhea-AI Summary

Orange has released its 2020 first-half financial results, highlighting significant milestones and the impact of Covid-19. The Company reported 42 billion euros in sales in 2019, with a customer base of 266 million. The CEO discussed segments like CAPEX, organic cash flow, cost reduction strategies, and dividends. The Engage 2025 strategic plan aims to innovate using data and AI while promoting social and environmental accountability.

Positive

• Sales for 2019 reached 42 billion euros, indicating a solid revenue base.
• 266 million global customers, including 207 million mobile users, showcasing strong market presence.

Negative

• Impact of Covid-19 on operations raises concerns about future performance.

PARIS, July 30, 2020 /PRNewswire/ -- Orange, one of the world's leading telecommunications operators, has just published its results for the first half year 2020. Stéphane Richard, Chairman and CEO of Orange, comments on the Group's results and outlook.

Watch video interview and read transcript:

https://www.eurobusinessmedia.com/video/orange-h1-2020-results/

Topics covered in the interview include:

• Introduction
• Significant milestones
• Covid-19 impact
• CAPEX and organic Cash Flow
• Segment performance
• Our cost reduction strategy
• Update on dividends
• Conclusion

About Orange
Orange is one of the world's leading telecommunications operators with sales of 42 billion euros in 2019 and 147,000 employees worldwide at 31 December 2019, including 87,000 employees in France. The Group has a total customer base of 266 million customers worldwide at 31 December 2019, including 207 million mobile customers and 21million fixed broadband customers. The Group is present in 26 countries. Orange is also a leading provider of global IT and telecommunication services to multinational companies, under the brand Orange Business Services. In December 2019, the Group presented its new "Engage 2025" strategic plan, which, guided by social and environmental accountability, aims to reinvent its operator model. While accelerating in growth areas and placing data and AI at the heart of its innovation model, the Group will be an attractive and responsible employer, adapted to emerging professions.

Orange is listed on Euronext Paris (symbol ORA) and on the New York Stock Exchange (symbol ORAN).
For more information on the internet and on your mobile: www.orange.com, www.orange-business.com or to follow us on Twitter: @orangegrouppr.
Orange and any other Orange product or service names included in this material are trademarks of Orange or Orange Brand Services Limited.

Contacts:

+33 1 44 44 93 93
Jean-Bernard Orsoni, jeanbernard.orsoni@orange.com
Tom Wright, tom.wright@orange.com
Olivier Emberger, olivier.emberger@orange.com
Relations Investisseurs
(analystes et investisseurs)
Patrice Lambert-de Diesbach, p.lambert@orange.com
Isabelle Casado, isabelle.casado@orange.com
Samuel Castelo, samuel.castelo@orange.com
Didier Kohn, didier.kohn@orange.com
Aurélia Roussel, aurelia.roussel@orange.com
Andrei Dragolici, andrei.dragolici@orange.com
Frédéric Gielec, frederic.gielec@orange.com
Régine Grey, regine.grey@orange.com

View original content:http://www.prnewswire.com/news-releases/orange-ceo-interview---h1-2020-results-video-301102857.html

SOURCE Orange

FAQ

What were Orange's sales figures for 2019?

Orange reported sales of 42 billion euros for the year 2019.

How many customers does Orange have worldwide?

As of December 31, 2019, Orange had 266 million customers globally.

What is the stock symbol for Orange?

Orange is listed on Euronext Paris under the symbol ORA and on the New York Stock Exchange as ORAN.

What impact did Covid-19 have on Orange's operations?

The Company has acknowledged that Covid-19 has significantly impacted its operations.

What is the Engage 2025 strategic plan of Orange?

The Engage 2025 plan focuses on reinvention through data and AI while emphasizing social and environmental accountability.