Orange Sales Rise Slightly Buoyed by African Unit Growth
Orange SA reported first-quarter sales that rose slightly as growth in the company's Middle East and African business helped mitigate the intense price wars in its key French and European businesses.
Sales rose 0.6% when adjusted for currency fluctuations to €9.91 billion ($11.2 billion) in the first fiscal quarter from a year earlier, the French phone service provider said in a statement on Thursday. That matched the average analyst forecast compiled by Bloomberg. Earnings before interest, taxes, depreciation and amortization for the period were also in line with estimates, rising 3% to €2.48 billion.
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