A French telecommunications giant and one of the world's largest phone and internet providers, offering mobile, broadband, and TV services to consumers and businesses across dozens of countries. It began as France Télécom, the state-owned phone monopoly, and took the name Orange from the British mobile operator it bought in 2000. Fun fact: the Orange brand was born in the UK in 1994, chosen because its founders wanted a simple, memorable name that stood out from telecom jargon.
Orange to voluntarily delist from NYSE and deregister with SEC, citing administrative burden
The delisting is expected to become effective ten days after filing Form 25 with the SEC in Q4 2024; deregistration via Form 15F is expected 90 days after filing.
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Orange's Board of Directors decided on September 24, 2024, to voluntarily delist its ADSs from the NYSE and deregister with the SEC.
Orange will maintain its ADR program, allowing trading on the U.S. OTC market, and shares will remain listed on Euronext Paris.
The company will launch a consent solicitation for holders of its 9.00% notes due 2031 to amend the indenture's reporting provisions to align with French law.
Orange expects no impact on clients, partners, or its U.S. commercial presence, and will continue publishing financial reports in English and French.
Orange reports H1 2024 revenue of €19.8bn, up 2.5% on a historical basis
Consolidated net income was €1,092 million, slightly up from €1,088 million in H1 2023; net income attributable to owners of the parent was €824 million.
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Revenue for H1 2024 was €19,839 million, up 2.5% on a historical basis and 1.5% on a comparable basis year-over-year.
EBITDAaL reached €5,511 million, up 3.7% on a historical basis and 2.5% on a comparable basis.
The creation of MásOrange (JV with MásMóvil in Spain) led to Orange Espagne being treated as discontinued operations from March 26, 2024.
Net financial debt stood at €23,011 million at June 30, 2024, down from €27,002 million at December 31, 2023.
Orange reports H1 2024 results: revenue up 1.5%, EBITDAaL up 2.5%, confirms guidance
Group revenues for H1 2024 were €19,839 million, up 1.5% on a comparable basis; Q2 revenues were €9,989 million, up 0.9%.
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EBITDAaL for H1 was €5,511 million, up 2.5% on a comparable basis, driven by strong growth in Africa & Middle East (+14.7%) and Europe (+4.0%).
Consolidated net income for H1 was €1,092 million, stable year-on-year; net income attributable to owners was €824 million, down 6.0%.
Organic cash flow from telecom activities excluding Spain reached €1,551 million in H1, up 17.4%, and the company confirmed its 2024 guidance.
MASORANGE, the 50:50 JV with MASMOVIL, was created in March 2024; it signed a non-binding agreement with Vodafone Spain to create a FiberCo covering ~11.5 million premises.
Orange will pay an interim dividend of €0.30 per share in cash on 5 December 2024, and will propose a €0.75 per share dividend for FY2024 in 2025.