FNCTF - Orange S.A. (ORAN) Q1 2024 Earnings Call Transcript
2024-04-24 12:20:10 ET
Orange S.A. (ORAN)
Q1 2024 Earnings Conference Call
April 24, 2024 02:30 AM ET
Company Participants
Christel Heydemann - Chief Executive Officer
Laurent Martinez - Executive Vice President, Finance, Performance & Development
Jean-François Fallacher - Executive Vice President & Chief Executive Officer of Orange France
Ludovic Pech - Chief Executive Officer, Spain
Nicolas Roy - Chief Executive Officer, TOTEM
Jerome Henique - Executive Director & Chief Executive Officer-Orange Africa & Middle East
Conference Call Participants
Nicolas Cote-Colisson - HSBC
Nick Lyall - Bernstein
Roshan Ranjit - Deutsche Bank
Mathieu Robilliard - Barclays
Jakob Bluestone - BNP Paribas Exane
Georgios Ierodiaconou - Citi
Stéphane Beyazian - ODDO
Andrew Lee - Goldman Sachs
Javier Borrachero - Kepler Cheuvreux
Ondrej Cabejšek - UBS
Presentation
Operator
Good morning, ladies and gentlemen and welcome to Orange's Q1 2024 Results Conference Call. The call today will be hosted by Ms. Christel Heydemann, CEO; and Mr. Laurent Martinez, Chief Financial Officer with other members of the Orange's Executive Committee for the Q&A session that will start after the presentation.
With that let me hand over the floor to Ms. Christel Heydemann. Please go ahead ma'am.
Christel Heydemann
Good morning and welcome to our Q1 2024 results presentation that I will comment together with Laurent.
Let's move to slide 4 which presents the key highlights of the quarter. We began this year with the launch of our new brand signature Orange is here already launched in a dozen of countries and which has been positively received for its innovative and credible approach. The main achievement this quarter as expected was the completion of the transaction with MASMOVIL to form a leading operator in Spain. This is a decisive step forward in our overall vision for a strong and thriving telecoms industry in Europe. As a consequence from now on we fully deconsolidate Spain from our group KPIs.
Overall, we are very pleased by our Q1 operating results excluding Spain with revenues up by 2.1% and EBITDAaL growth of 2.3% consistent with our full year guidance. In terms of innovation, we launched this quarter new offers notably on GenAI for our B2B customers in France....
Orange S.A. (ORAN) Q1 2024 Earnings Call Transcript