Communiqué - Orange sets out its 2023 ambitions for three of the strategic high-growth areas set-out in the Engage 2025 plan
30 Juli 2021 - 07:31AM
Communiqué - Orange sets out its 2023 ambitions for three of the
strategic high-growth areas set-out in the Engage 2025 plan
Press release
Paris, 30 July 2021
Orange sets out its 2023 ambitions for
three of the strategic high-growth areas set-out in the Engage 2025
plan
During a conference today, Orange is presenting
details on its ambitions for three of its growth drivers: Orange
Africa & the Middle East, Orange Business Services and Orange
Cyberdefense. This follows on from the announcement of its
first-half results where the Group presented excellent sales
performances, validating its strategy. The aim of these
presentations is to provide an update on the strategy, to reaffirm
the Group's confidence in its paths to delivery and to specify its
2023 ambitions.
Africa & the Middle East: annual
double-digit EBITDAaL growth by 2023
For more than 20 years, Orange has developed
Africa & the Middle East into a key area for sustainable
growth. In this region, Orange provides quality networks and
positions itself as a multi-service operator that supports its
customers with innovative digital services in each of the 18
countries in which it is present.
The region has strong value-creating potential
thanks to its three sources of growth that cover both individual
and business customers: data, which will continue to grow thanks to
4G penetration among customers, fixed broadband, which will benefit
from Orange’s leadership in connectivity and, lastly, mobile
financial services, where our revenues will reach almost one
billion euros by 2025.
Orange also invests locally to make digital
services more accessible and is contributing to the continent’s
development by supporting startups and creating Orange Digital
Centers, such as the one opened in Mali this week.
By 2023, the Group aims to achieve an average
annual growth rate (CAGR) in revenues of around 6%, double-digit
EBITDAaL growth and an even faster increase in its organic cash
flow.
By 2025, more than 55% of Orange Business
Services’ revenue will be generated by digital, integration
services and new connectivity services
Recognized as a leader in France and globally,
Orange Business Services is a trusted player in the digital
transformation of businesses and continues its transformation as a
network-native digital-services company. IT and integration
services (including cyber activities) and new connectivity services
represented 41% of its revenues in 2020, while its cost
optimization efforts continue. The Group's strategy on the B2B
market remains focused on three main areas of growth: digital
(cloud, digital & data, IoT, cyber), integration services, and
new connectivity services. By 2025, Orange Business Services will
generate more than 55% of its revenues from these segments by
strengthening its main differentiating factors.
Orange Business Services has demonstrated
remarkable resilience compared to its peers in the face of the
pandemic and has returned to sustainable revenue growth. The Group
expects to achieve an average annual growth rate (CAGR) in revenue
of around 2% per year in 2022 and 2023, and a return to EBITDAaL
growth in 2022, which should then accelerate in 2023.
Orange Cyberdefense: the Group aims to
achieve double-digital revenue growth and an operating margin about
double that of today
Cyber security has become a critical factor and an
essential requirement for every company so as to guarantee a safer
digital society. Orange Cyberdefense has been working to secure the
infrastructure and digital assets of its B2B customers since 2014.
As one of the European leaders in cyber security, Orange
Cyberdefense will take steps to seize new opportunities for
external growth through the possible creation of a standalone
subsidiary.
The Group aims to achieve double-digital revenue
growth for Orange Cyberdefense, higher than that of the market, and
an EBITDAaL margin in the medium term about double that of
today.
To attend the live conferences:
- 08h30 – 10h00: Orange Business Services et Orange
Cyberdefense
- 10h30 – 12h00: Orange Middle East & Africa
The full presentations of these growth engines can
be found on orange.com:
- Orange Business Services and Orange Cyberdefense
- Orange Middle East & Africa
About Orange
Orange is one of the world’s leading
telecommunications carriers with a turnover of €42.3 billion in
2020 and 139,000 employees as at 30 June 2021, of which 80,000 are
in France. The Group served 263 million customers to 30 June 2021
including 218 million mobile customers and 22 million fixed
broadband customers. The Group is present in 26 countries. Orange
is also a leading provider of global IT and telecommunication
services to multinational companies, under the brand Orange
Business Services. In December 2019, the Group presented its new
"Engage 2025" strategic plan, which, guided by social and
environmental accountability, aims to reinvent its operator model.
While accelerating in growth areas and placing data and AI at the
heart of its innovation model, the Group will be an attractive and
responsible employer, adapted to emerging professions.
Orange is listed on Euronext Paris (symbol ORA)
and on the New York Stock Exchange (symbol ORAN).
To find out more (online and via your mobile
device), go to: www.orange.com, www.orange-business.com or to
follow us on Twitter: @orangegrouppr.
Orange and any other Orange product or service
names included in this material are trademarks of Orange or Orange
Brand Services Limited.
Press contacts:
Tom Wright; tom.wright@orange.com
Caroline Cellier;
caroline.cellier@orange.com
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