ORANGE SA
ORA
ISIN FR0000133308 / Valor 720128
ORANGE SA
UMushroom community rating:
About company
Orange SA is a Paris‑based multinational telecommunications operator that provides mobile and fixed-line voice services, broadband and fiber internet access, pay‑TV and consumer connectivity products, together with a range of enterprise solutions including managed networks, cloud and data center services, cybersecurity, IoT and unified communications. It operates through national subsidiaries and partnerships across Europe, Africa and the Middle East, supplies wholesale network capacity to other carriers, and runs digital financial services such as Orange Money and retail banking initiatives in selected markets. The company is responsible for building and operating core telecom infrastructure — including 5G and fiber networks — and combines retail, wholesale and corporate activities; it is publicly traded on Euronext and traces its origins to the former France Télécom.
Summarized from source with an LLMView SourceSector: TelecommunicationsLatest Results (31.08.2026):
ORANGE SA — first half (Q1–Q2) 2026 results: The Group reported strong H1 2026 performance with revenues of €20.9bn (+3.5% y/y) and EBITDAaL of €6.1bn (+5.0%), driven by robust growth in Africa & Middle East and solid trends in France and Europe. Results reflect the consolidation of MasOrange and several strategic transactions; the company raised its 2026 guidance and confirmed a €0.79 per-share dividend for the year.
Revenue
Group revenue: €20.9 billion in H1 2026, +3.5% year‑on‑year (retail services +3.3%, equipment +7.5%, operator services +2.0%). Excluding non‑recurring France items, growth ~+3.0%. Strong segment drivers: Africa & Middle East +13.9%, France +1.2%, Europe 6 +4.1%, Spain +2.0% (June, after MasOrange reconsolidation).
Profitability (EBITDAaL)
EBITDAaL: €6.1 billion, +5.0% y/y. Performance supported by Africa & Middle East (+16.1%), France (+2.4%) and Europe 6 (+6.1%). Excluding Q1 non‑recurring wholesale items in France, EBITDAaL growth would be +3.7%.
Investments (eCAPEX)
eCAPEX: €3.2 billion in H1 2026 (15.2% of revenues), in line with the 2026 target. Increase (+2.7%) driven by higher investments in Africa & Middle East; excluding that region eCAPEX fell -2.4% and represented 14% of revenue.
Net income and adjusted results
Reported group net income: €3.6 billion (increase of €3.7 billion, mainly reflecting a €2.4bn gain from acquiring exclusive control of MasOrange and the prior €1.3bn GEPP provision effect). Adjusted net income: €1.35 billion (+11.8%); adjusted EPS €0.34 (+10.9%).
Net debt and leverage
Net financial debt: €35.7 billion at 30 June 2026, up €13.2bn primarily due to the MasOrange acquisition. Net debt/EBITDAaL ratio 2.4x; Group maintains medium‑term target to return to ~2x.
Strategic M&A and transactions
MasOrange: On 8 June 2026 Orange completed acquisition of Lorca’s 50% stake (total deal valued at €8.5bn; Orange paid €4.25bn) and now holds 100% of MasOrange. SFR: 6 June 2026 MOU signed with partners and Altice France to acquire SFR (Orange’s share of EV ≈27% or ~€5.6bn), subject to approvals and conditions. Scorefit: acquisition completed 1 July 2026 for €1.3bn. Joint venture with Morrison to develop ~400 MW of data center capacity announced.
2026 guidance update
Group raised 2026 targets: EBITDAaL growth above +4% (previously >+3%), eCAPEX ≈15% of revenues, Organic Cash Flow ~€4.3bn (previously ~€4bn). Medium‑term net debt/EBITDAaL target unchanged ~2x.
Shareholder returns
Dividend for FY2026 set at €0.79 per share payable in 2027; interim cash payment €0.30 scheduled for 3 December 2026.
Extra‑financial highlights
ESG progress: GHG emissions (scopes 1–3) down 32% vs 2020; 4G coverage in MEA reached 80% (+2 pts y/y); digital trust services offered in 70% of countries; solarized sites in Africa up 24% y/y (31% of segment sites).
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
42885 M
Market cap (USD)
4,215,389
Daily traded volume (Shares)
9.646 / 9.578
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
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EPS (USD)
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Ratings & reviews
Arnaud Schneider
Hubert Joo
Livio Matteo Semadeni
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