Financial information for the first semester 2024

Solid revenue growth and strong EBITDAaL performance

EBITDAaL guidance improved

  • Mobile postpaid customer base +4.5 % yoy
  • Cable customer base +4.5% yoy
  • H1 Revenues +2.5% comparable1 change yoy
  • H1 EBITDAaL +13.9% comparable1 change yoy

Xavier Pichon, Chief Executive Officer, commented:

We are thrilled with the good commercial dynamics we are delivering across both fixed and mobile segments. We even surpassed the milestone of 1 million broadband customers. Thanks to the rapid and successful integration of VOO within Orange Belgium, we have been able to deliver these positive results, demonstrating the strength and synergy of our combined operations. The teams’ excellent work made this outcome possible.

The market landscape is continually evolving, and we stay agile and responsive to maintain our momentum. The new portfolio that we launched in July is a strategic step forward, designed to further foster commercial dynamism and drive growth.

In our B2B activities, the gradual activation of our customer Flemish Government has also played a pivotal role in influencing these positive commercial results.

Overall, these developments position us well for sustained success, and we remain committed to leveraging our strengths to achieve our strategic goals.

Antoine Chouc, Chief Financial Officer, stated:

We are very pleased with our good financial performance this semester, which is largely driven by the realisation of the synergies and most of all through the transfer of the VOO customers to the Orange mobile network. The results were also impacted positively thanks to the benefit from winning litigations and seasonal effects. We have seen a positive impact from the year-over-year changes in energy prices, which has further bolstered our performance.

Additionally, we have taken this opportunity to increase our investments in both fixed and mobile segments, laying a solid foundation for future growth.

Our synergy initiatives are progressing well and remain on track, reflecting our ongoing commitment to optimizing operations and maximizing value creation. These efforts are essential as we continue to navigate a dynamic market environment and pursue our long-term objectives.

We are now confident that we will improve our guidance for EBITDAaL and slightly exceed €535m for the year (previously between €515m and €535m), while also adhering to our capex targets (between €365m and €385m).

OBEL H1 2024 EN 19072024.pdf

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Koen Van Mol

Investor Relations, Orange Belgium

Sven Adams

Senior Press Relations Officer, Orange Belgium

 

 

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About Orange Belgium

 

Orange Belgium is one of the major telecommunication operators on the Belgian market, with revenues of 1,749 million euros in 2023 and over 3 million customers on 31 December 2023, and in Luxembourg, via its subsidiary Orange Communications Luxembourg. Thanks to its own fixed and mobile networks, Orange Belgium offers both residential and business customers fixed and mobile connectivity services and convergent offerings (internet, telephony, television, including original TV content: Be tv, VOOsport, etc.). As a responsible operator, Orange Belgium invests to reduce its ecological footprint and promote sustainable and inclusive digital practices. Orange Belgium is also a wholesale operator, offering its partners access to its infrastructure as well as a broad portfolio of connectivity and mobility services, including offerings based on Big Data and the Internet of Things (IoT).

Orange Belgium is a subsidiary of the Orange Group, present in 26 countries with a total customer base of 298 million customers worldwide on 31 December 2023. The Group is also a leading provider of global IT and telecommunication services to multinational companies under the brand Orange Business.

Orange Belgium is listed on the Brussels Stock Exchange (OBEL).

For more information on the internet and on your mobile: corporate.orange.be, www.orange.be or follow us on X: @pressOrangeBe

Orange and any other Orange product or service names included in this material are trademarks of Orange or Orange Brand Services Limited.

Press contact
Sven Adams – sven.adams@orange.com +32 (0)486 36 47 22
press@orange.be

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press@orange.be

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