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Haier Europe adopts Orange Business Evolution Platform to build a scalable, secure, and responsive infrastructure to support its growth (3 June 2024)
Haier Europe, part of Haier Smart Home – number one company globally in major appliances with brands such as Candy, Hoover and Haier – has chosen Orange Business connectivity solutions to assert itself as a flexible, data-driven enterprise.
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This new deployment reinforces the partnership between the two companies, Haier having already opted for Orange Business' connectivity and IoT services to help innovate its sustainable solutions, while optimizing resource consumption and extending the life of products.
Orange Business is combining its global cloud connectivity and integrated cybersecurity capabilities to support Haier at every stage of its transformation. This technology combines a "Network as a service" experience with an open ecosystem, giving Haier access to solutions that match its exact needs, and performance-based SLAs.
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"As part of our transformation, we needed a platform that would help us optimize operations and efficiencies within our cloud-first strategy. Orange Business provides us with an agile and composable platform, simplifying cloud connectivity and automation, while being elastic enough to satisfy our dynamic business model and digital ambitions,” explained Simone Pezzoli, Group Chief Digital Technology Officer, Haier Europe.
Orange Ventures and Digital Africa accelerate their investments in startups from the “Orange Digital Centers” network in Africa and the Middle East (23 May 2024)
A partnership agreement was signed at Vivatech between Orange Ventures and Digital Africa to strengthen and accelerate support for African startups from the Orange Digital Centers (ODC) .
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Orange Digital Center is an ecosystem deployed in 17 countries in Africa and the Middle East, and 8 countries in Europe, bringing together in a single location a range of free programs open to all, from digital training for young people to startup incubation and acceleration, as well as support for and investment in project leaders. It offers support throughout the startup lifecycle, with the aim of stimulating entrepreneurship and innovation in the region.
Among the first beneficiaries, based in Cameroon and Senegal, are 5 start-ups in 4 sectors : Fintech (Koree and Proboutik), Healthtech (Clinihome), Agritech (Tolbi) and cultural and creative industries (Colorfol).
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Fayçal Adlouni, Managing Partner, Orange Ventures, said: “The Orange Group is fully committed to nurturing the future champions of the technology scene in Africa and the Middle East. This arrangement, involving Orange Middle East and Africa, Orange Ventures and Digital Africa will collectively enable us to concentrate our resources to create an environment conducive to the success of startups in Africa and the Middle East.”
Good start to the year, strong momentum on “Lead the Future” (31 March 2024)
Financial results at 31 March 2024
Creation of MASORANGE, new leader in Spain
Acceleration of revenue and EBITDAaL growth in the first quarter 2024
Confirmation of 2024 targets
Creation of MASORANGE, new leader in Spain
Acceleration of revenue and EBITDAaL growth in the first quarter 2024
Confirmation of 2024 targets
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MASORANGE, the 50:50 joint venture combining the Spanish operations of Orange and MASMOVIL, was created on 26 March 2024. The Group’s Spanish operations are deemed to be discontinued under IFRS 5 until closing and will subsequently be consolidated using the equity method in the Group’s financial statements. Historical data has been restated.
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Commenting on these results, Christel Heydemann, Orange’s Chief Executive Officer, said:
Commenting on these results, Christel Heydemann, Orange’s Chief Executive Officer, said:
“Orange has made a very good start to the year, marked by the completion of the deal with MASMOVIL to create MASORANGE, creating the leading operator in Spain in terms of customer numbers. This is a major step forward in the execution of the “Lead the Future” plan and for the Group’s development in Europe.
In the first quarter, Group revenues and EBITDAaL accelerated, rising 2.1 % and 2.3 % respectively, in line with this year’s objectives as set out in our strategic plan.
In France, revenue growth was driven by retail services, underpinned by a value-oriented strategy that delivered increases across all ARPOs. In the B2B market, Orange Business revenues were stable while those of IT and Integration services, Orange Cyberdefense in particular, grew. Orange Business continues to execute its transformation plan with several important milestones achieved this quarter, notably the implementation of the cost reduction plan. Driven by its robust growth drivers, the Africa & Middle East region maintained its strong momentum with double-digit revenue growth for the fourth consecutive quarter.
I would like to thank all our colleagues for their dedication and trust. Orange continues to evolve to be efficient across all its activities and be among the sector’s global leaders.”
In the first quarter, Group revenues and EBITDAaL accelerated, rising 2.1 % and 2.3 % respectively, in line with this year’s objectives as set out in our strategic plan.
In France, revenue growth was driven by retail services, underpinned by a value-oriented strategy that delivered increases across all ARPOs. In the B2B market, Orange Business revenues were stable while those of IT and Integration services, Orange Cyberdefense in particular, grew. Orange Business continues to execute its transformation plan with several important milestones achieved this quarter, notably the implementation of the cost reduction plan. Driven by its robust growth drivers, the Africa & Middle East region maintained its strong momentum with double-digit revenue growth for the fourth consecutive quarter.
I would like to thank all our colleagues for their dedication and trust. Orange continues to evolve to be efficient across all its activities and be among the sector’s global leaders.”
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Orange group revenues rose 2.1 % compared with the first quarter of 2023 (+201 million euros) thanks to growth in retail services (+3.2 % or +232 million euros) and a smaller decline in wholesale services (-4.1 % or -62 million euros), mainly related to higher unbundling rates in France.
Orange group revenues rose 2.1 % compared with the first quarter of 2023 (+201 million euros) thanks to growth in retail services (+3.2 % or +232 million euros) and a smaller decline in wholesale services (-4.1 % or -62 million euros), mainly related to higher unbundling rates in France.
- Africa & Middle East is the main contributor to this growth, with revenues rising strongly (+11.1 % or +185 million euros) lead by a robust performance in voice and double-digit increases in its four growth engines (+15.7 % in mobile data, +20.6 % in fixed broadband, +23.5 % at Orange Money and +14.1 % in B2B across all activities), and this despite the devaluation of the Egyptian pound.
- Revenues in France increased 0.8 % (+35 million euros) thanks to the growth in retail services excluding PSTN (+3.0 %), in line with the “Lead the Future” target of growth between 2.0 % and 4.0 %, and to a smaller decline in wholesale (-4.2 %) due to the higher unbundling rate applied from 1 January 2024.
- Europe declined (-2.0 % or -35 million euros) due to a reduction in low-margin activities, offset partially by the continued growth of retail services excluding IT and Integration services (+0.9 %).
- The slight decrease in Orange Business revenues (-0.3 % or -6 million euros) was due to the decline in fixed voice revenues (-8.7 % or -72 million euros), which was almost offset by accelerated growth in IT and Integration services revenues (+7.5 % or +65 million euros), notably driven by Orange Cyberdefense (+15.3 % or +39 million euros).
- In terms of commercial performance, the Group maintained its leadership position in convergence, with 9.1 million convergent customers (+1.9 %), as well as its commercial momentum in mobile contracts and very high-speed fixed broadband accesses. Mobile services had 242.6 million accesses worldwide (+7.0 %) including 90.7 million contracts (+12.3 %). Fixed services had 39.2 million accesses worldwide (-3.2 %) of which 13.3 million were very high-speed broadband accesses, an area that continued to show strong growth (+14.4 %). Fixed narrowband accesses continued their decline (-13.2 %).
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The Group’s EBITDAaL was 2,406 million euros for the period ended 31 March 2024, an increase of 2.3 % in line with the objective of slight growth in 2024. The EBITDAaL from telecom activities was to 2,440 million euros (+2.3 %).
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eCAPEX amounted to 1,384 million euros in the first quarter of 2024, excluding 166 million euros of CAPEX for Spain booked in the first quarter in the Group’s financial statements. eCAPEX rose 3.1 % and eCAPEX for telecom activities as a percentage of revenues was 14.0 %, reflecting the objective to maintain discipline in 2024. The number of households connectable to FTTH reached 56.2 million excluding Spain (+12.2 %), and the FTTH customer base was 12.2 million (+15.4 %).
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The Group can therefore confirm its financial targets for 2024 :
- Low single-digit growth in EBITDAaL
- Discipline on eCAPEX
- Organic cash flow of at least 3.3 billion euros from telecom activities
- Net debt/EBITDAaL ratio of telecom activities unchanged at about 2x in the medium term
- Proposal to increase the 2024 dividend payable in 2025 to 0.75 euros per share, including an interim dividend of 0.30 euros in December 2024.
