Orange Group reveals the financial results of full-year 2021, with 42.5 billion euros worth of revenues, up by 0.8%. This is driven by the solid performance of the Middle East and Africa (MEA) region at 10.6% and a strong increase in equipment sales at 8.5%.
Commenting on the publication of these results, Stéphane Richard, chairman and CEO of the Orange Group, said, “The Group’s results reflect a solid 2021 performance. Indeed, Orange has delivered on its commitments and is confirming all its objectives for 2023, including organic cash flow of between 3.5 and 4 billion euros.”
Organic cash flow from telecoms activities stood at 2.4 billion euros in 2021 versus 2.5 billion euros in 2020, and by 2021 year-end, cumulative net savings of more than 300 million euros had been generated from within the defined scope of its "Scale Up" operational efficiency program.
Richard also highlighted that the dynamic in their Africa zone has been remarkable, with an 11% increase in revenues. “With over 44 million 4G clients, mobile data continues its development generating revenues in this segment that are up 25%,” he explained. 11.5 million convergent customers are also recorded Group-wide, up 2.1% year-on-year, wherein 0.7 million customers in Africa avail of Orange’s mobile financial services.
Moreover, the Group’s commercial performance has also been excellent, actively contributing to the achievement of their 2021 objectives despite important challenges such as the move from copper to fiber, the transition to providing IT services, and also the turnaround of the situation in Spain.
Richard’s mandate is drawing to a close in the coming weeks, as Christel Heydemann takes over by April 4, 2022. “It is with pride that I look upon everything that we have accomplished over these past twelve years,” he added.
It is worthy to note that Orange is a European fiber optic leader with a vast network of over 56 million connectable households across the Group’s footprint.