Orange once again highlighted the “outstanding performance” of its Africa and Middle East unit, which led growth in its third-quarter financial results.
In a statement, Orange CEO Christel Heydemann said: “Africa and the Middle East have again delivered a very strong performance, with growth of 10.5%. Our innovative Max-It multi-service digital platform is attracting ever more users. Orange’s activities are a genuine lever for economic development in Africa, from which we also benefit.”
“The strong third-quarter results demonstrate the soundness of our strategy, the great competence of our teams, and the role we can play as our customers’ trusted operator,” she added.
Group revenues rose by a modest 1.6% year-on-year in Q3 to €152 million, driven by retail services, with the Africa and Middle East unit credited as the “main contributor to this growth.” The region contributed €182 million in revenues, a 10.5% year-on-year rise, driven by positive performances across its retail services, including voice, data, fixed broadband, Orange Money, and B2B.
Its European unit saw a decline of 2.1%, mainly due to poor wholesale performance, while its home market, France, grew by 1.3%, also thanks to retail services. Orange Business revenue was down 2.6% due to a decline in demand for fixed services.
The oeprator group also recorded 253 million mobile accesses which was an 8.5% increase, and 9.1 million converged customers. During the quarter, the operator provided connectivity for the Paris 2024 Olympic Games, which recorded over 3 billion spectators globally.
