Telecoms group Orange says Spain returned to growth in Q3, confirms targets

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Earnings before interest, tax, depreciation and amortisation after leases (EBITDAaL) amounted to 3.58 billion euros ($3.5 billion). This was in-line with the 3.586 billion-euro average of 16 analyst estimates compiled by the company.

The group confirmed its full-year targets, including a growth in core operating profits between 2.5% and 3%.

Sales in Spain, Orange’s second-biggest market, returned to growth for the first time since the first quarter of 2019, gaining 0.2% in the third quarter. This came in contrast with analysts’ expectations of a fall of 2.8% over the period.

($1 = 1.0129 euros)