Boston, MA 03/10/2014 (wallstreetpr) – Orange SA (ADR) (NYSE:ORAN) reported its full year results for the period ending December 2013 in which profits slumped amidst earnings per share coming in at 94 cents against consensus estimates of $1.27. Full year revenues clocked in at €40.981 billion, a drop of 4.5% compared to the same quarter a year ago. Excluding regulatory measures Orange revenues for the full year were down by 2.6% mainly as a result of a decline in service revenues in France and Poland.
Orange SA (ADR) (NYSE:ORAN) adjusted EBITDA earnings for full year dropped by 7.5% compared to 2012 coming in at € 12.649 billion with a margin of 30.9%.
Orange liquidity levels
Orange SA (ADR) (NYSE:ORAN) capital expenditures as of close of business at the end of the year stood at €5.631 billion representing 13.7% of total revenues with a year growth of 0.4%. Total generated cash flow for the year stood at €7.019 billion in line with estimated targets.
Orange subscriber trends
As of close of business on December 31, 2013, Orange SA (ADR) (NYSE:ORAN) had total membership subscription amounting to 236.3 million which is a 2.4% growth compared to 2012. Orange mobile customer base grew by 3.5% for the year to over 178.5 million.
Revenue from key markets
France which is Orange SA (ADR) (NYSE:ORAN)’s key market slumped by 6.6% in terms of revenue returns, which came in at €20.018 billion, excluding regulatory measures revenues were down by 4.8%. Revenues in Spain on the other hand grew by 0.6% coming in at € 4.052 billion, excluding regulatory measures revenues grew by 4.4% mainly as a result of growth in broadband and sale of mobile handsets.
Revenues in Poland were down by 8.6% coming in at € 3.1 billion with revenues from other parts of the world dropping by 0.5% to come in at €7.8 billion.
Orange SA (ADR) (NYSE:ORAN) closed the week on a high with its stock moving up by 2.16% to close the day at a high of $14.18
