2011 3rd quarter consolidated results

strong commercial performance
stable revenues in the first nine months of the year
operating cash flow target raised slightly

The France Telecom-Orange Group had a total of 221.0 million customers at 30 September 2011, up 6.3% year on year on a comparable basis

Consolidated revenues for the first nine months of the year were 33.848 billion euros, stable compared to a year earlier (+0.1% on a comparable basis and excluding regulatory measures).

Restated EBITDA  was 11.611 billion euros, with a margin decrease of 1.4 percentage points. Significant improvement in the third quarter of 2011, with margin erosion limited to -1.2 points, was due to a proactive strategy to control commercial expenses, particularly in France.

CAPEX was equal to 11.0% of revenues, representing 3.731 billion euros of investment in the first nine months of 2011, a 7.5% increase on a comparable basis on the previous year.

Restated operating cash flow2 (EBITDA - CAPEX) for the first nine months of 2011 was 7.880 billion euros. The Group is therefore able to raise its operating cash flow target for 2011, now estimated at slightly more than 9 billion euros .

documentation published on October 27
the press release

slides (1.63 MB)

France Telecom - Orange Group KPI's (1.40 MB)

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