France's Orange matches first-quarter expectations on retail boost, confirms guidance
April 24 (Reuters) - French telecom operator Orange (ORAN.PA), opens new tab on Thursday reported first-quarter core profit in line with market expectations, citing good performance of its retail activities.
Earnings before interest, taxes and depreciation and amortisation after leases (EBITDAaL) - a common metric used by telecom firms to measure core profit - rose 3.2% to 2.48 billion euros ($2.81 billion) in the quarter ended March 31.
A company-compiled consensus had forecast profit of 2.48 billion euros.
Orange CFO Laurent Martinez expressed confidence in the company's business model due to its minimal exposure to tariffs and the U.S. economy.
In a call with reporters, Martinez addressed the potential public listing of their Spanish venture, Masorange, stating it was a possibility but added that current conditions did not favour such a move.
The telecom giant also reaffirmed its financial targets for 2025.
($1 = 0.8822 euros)
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