Press Release | 25 October 2022

Third quarter 2022 results

Share on

Financial information at 30 September 2022

Growth in revenues and slight increase in EBITDAaL

The Group confirms its financial objectives for 2022 

  • Revenues for the third quarter 2022 rose 1.0%[1] year on year, driven by:

- Europe, which performed well (+3.2%) with Spain returning to growth

- Africa & Middle East, which grew 4.2% and remains on course to meet its annual growth target of around 6%

- Enterprise IT & Integration Services, which accelerated (+6.8%) and offset the decline in legacy activities, resulting in stable revenues

- Retail services in France (+2.6% excluding PSTN), for which total revenues dipped by 1% year on year but increased compared with 2Q in the absence of any significant underlying effect related to co-financing

- Totem (+14.2%), whose third-party customers now account for 18% of hosting service revenues (versus 15% in 3Q 2021)

The acceleration in revenues (+1.0% after +0.7% in 1Q and -0.4% in 2Q) was due in particular to higher equipment sales and the reduced impact from falling rates for call terminations, which are low- or zero-margin activities.


  • EBITDAaL rose 0.2% year on year in the third quarter of 2022.

In line with our year-end targets, EBITDAaL growth is expected to accelerate in the fourth quarter thanks to the reversal of underlying effects (employee shareholding program, Orange Money).


  • eCAPEX rose 5.2% in the third quarter of 2022. Over the first nine months of the year, it fell by 4.4% to 5,143 million euros.


Despite the very challenging macroeconomic and geopolitical climate, the Group confirms its financial objectives for 2022, a milestone towards the achievement of its 2023 commitments.

Orange also confirms payment on 7 December 2022 of an interim cash dividend for 2022 of 0.30 euros per share. A dividend of 0.70 euros per share for the 2022 fiscal year will be proposed to the 2023 Shareholders’ Meeting.


Commenting on the publication of these results, Christel Heydemann, Chief Executive Officer of the Orange group, said:

“In an inflation-dominated macroeconomic environment, Orange has again delivered resilient results and demonstrated the complementary nature of its different markets. The Group’s third quarter revenues grew by 1% largely thanks to the contribution of its European countries and Africa. EBITDAaL also grew slightly rising 0.2% thanks in particular to Scale Up, our program of net savings on indirect costs, which continues to deliver to plan.

The quarter was notable for the excellent commercial performance in France, and also for a continued increase in customer satisfaction. The growth in revenues across our European footprint accelerated to +3.2%, driven by retail services that were 1.9% higher year on year. This solid momentum was a feature of all our countries in the region, including in Spain where our process of simplification, the stabilization of the client base and the launch of enriched service offers for high end customers enabled us to reverse the negative trend of the last years and return to growth for the first time since the first quarter of 2019.

Momentum in the Africa region once again proved solid and resilient with continued growth, rising 4.2% despite the geopolitical context which weighed on West Africa.

In the Enterprise segment pressure on margins remained intense and we are concentrating our efforts here on the transformation of our business models.

We are confident of accelerated EBITDAaL in the fourth quarter thanks to the reversal of underlying effects and a commercial performance that should remain robust during end of year holiday period.

I am fully focused, along with all our teams, on achieving our 2022 objectives and on the preparation of our strategic route map for the Group. We are facing an exceptional economic context which requires us to make the appropriate choices in the coming months. Looking ahead, we shall present our strategic plan for the period to 2030 on 16 February 2023 following the publication of our 2022 results.”

[1] Unless otherwise stated, the changes presented in this press release are on a comparable basis


Download the full press release

Download the presskit


Download Add to cart

Press contacts

Discover more

02 June 2023

Orange Belgium completes the acquisition of a 75% stake minus 1 share ...

Orange announces today that Orange Belgium has completed its acquisition of a controlling stake in telco operator, VOO SA. The closing of this deal will give Orange Belgium a 75% stake minus 1 share in VOO SA, with the remaining ...

Learn more

26 April 2023

First quarter in line with full-year 2023 targets

Financial information at 31 March 2023 The Group confirms its financial guidance as presented at the Capital Market Day

Learn more

14 April 2023

Orange announces the results of its tender offer on outstanding NC2024 hybrid ...

Not for distribution in the United States of America

Learn more

About Orange

Orange is one of the world’s leading telecommunications operators with revenues of 43.5 billion euros in 2022 and 136,000 employees worldwide at 31 December 2022, including 75,000 employees in France. The Group has a total customer base of 287 million customers worldwide at 31 March 2023, including 74,000 employees in France. The Group has a total customer base of 288 million customers worldwide at 31 March 2023, including 243 million mobile customers and 24 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. In February 2023, the Group presented its strategic plan « Lead the Future », built on a new business model and guided by responsibility and efficiency. « Lead the Future » capitalizes on network excellence to reinforce Orange's leadership in service quality.

Orange is listed on Euronext Paris (symbol ORA) and on the New York Stock Exchange (symbol ORAN).
For more information on the internet and on your mobile:,, and the Orange News app 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.