Final Results
04 February 2004 - 6:45PM
UK Regulatory
RNS Number:9874U
Orange S.A.
4 February 2004
4th February 2004 - France Telecom S.A. today announced its 2003 full year
revenues which contained the following information relating to Orange S.A.
Orange 2003 full-year results:
* 9% revenue increase on a comparable basis (5% on a historical basis)
* nearly 50 million customers at the end of 2003
Orange Revenues 2003 and 2002*
Full Year Full Year 2002 % Full Year %
2003 Historical Change 2002 Change
In millions of 2003/2002 on a 2003/2002
euros Historical comparable on a
basis comparable
basis
Total revenues 17,941 17,085 5.0 16,463 9.0
of which Orange France 7,983 7,651 4.3 7,651 4.3
Orange UK 5,819 5,961 (2.4) 5,418 7.4
Orange Rest of 4,315 3,657 18.0 3,574 20.7
World (176) (184) (4.3) (180) (2.2)
Inter segment
eliminations
* Unaudited figures
The number of customers continued to show steady growth, with a customer base
totalling nearly 50 million. In particular, the number of customers in the Rest
of World segment increased by 28.1% on a comparable basis. Growth in the
customer base accelerated significantly in the fourth quarter with the addition
of 2.2 million new customers. Orange retained its leadership in market share in
France (48.8%).
Orange also continued to refocus on high value customers. Favorable ARPU trends
were confirmed - annual ARPU increased in France in 2003 for the first time -
with an improvement in the customer mix. Contract customers accounted for 57.9%
of the customer base in France and 32.7% in the United Kingdom. Non-voice
services experienced strong growth, representing 12.7% of network revenues at
the end of 2003, up from 10.7% at the end of 2002. Average usage per user (AUPU)
also experienced robust growth, rising 10.5% in France and 4.3% in the UK in one
year. Network revenues increased 9.8% on a comparable basis and 5.8 percent on
a historical basis.
The launch of Orange World at the end of October 2003 reinforced the development
of multimedia usage. At December 31, 2003, Orange had recruited 1.9 million
multimedia contract customers in France, Switzerland and the United-Kingdom.
Year Year Change
2003 2002 (in %)
Customer base (in thousands)
Orange France 20,329 19,216 5.8
of which contract 57.9% 55.6%
Orange UK 13,649 13,312 2.5
of which contract 32.7% 31.8%
Orange Rest of World 15,161 11,839 28.1
Of which contract 32.8% 33.3%
TOTAL Orange 49,139 44,367 10.8
Total ARPU (contract and prepay services)
Orange France (in Euro) 379 377 0.5
Orange UK (in #) 271 259 4.6
Total AUPU (in minutes per month)
Orange France 158 143 10.5
Orange UK 146 140 4.3
Share of non-voice services in network revenues (in %)
Orange France 11.7% 8.9%
Orange UK 15.9% 14.3%
Orange Rest of World 10.2% 8.4%
TOTAL Orange 12.7% 10.7%
Key commercial indicators per market
Twelve months ended 31 December
France (incl. Caraibes and Reunion) 2003 2002 pro forma
Customers (in thousands) (period end) 20,329 19,216
Of which Contract customers 11,763 10,683
Recurring network revenues (Euro in millions) 7,371 6,989
Equipment and other revenues (Euro in millions) 612 662
Total revenues (Euro in millions) 7,983 7,651
Annual average revenue per user (Euro)(7) 379 377
Contract 546 560
Prepay 160 163
UK
Customers (in thousands) (period end) 13,649 13,312
Of which Contract customers 4,457 4,238
Recurring network revenues (Euro in millions) 5,221 4,858
Equipment and other revenues (Euro in millions) 598 560
Total revenues (Euro in millions) 5,819 5,418
Annual average revenue per user (#)(5) 271 259
Contract 569 557
Prepay 128 125
Belgium - Mobistar
Customers (in thousands) (period end) 2,615 2,305
Total revenues (Euro in millions) 1,167 1,004
Annual average revenue per user (Euro) 416 402
Denmark - Orange
Customers (in thousands) (period end) 576 509
Total revenues (Euro in millions) 258 241
Annual average revenue per user (Euro) 373 339
Egypt - MobiNil (at 71.25%)
Customers (in thousands) (period end) 2,131 1,626
Total revenues (Euro in millions) 372 286
Annual average revenue per user (Euro) 194 281
The Netherlands - Orange
Customers (in thousands) (period end) 1,326 1,024
Total revenues (Euro in millions) 465 400
Annual average revenue per user (Euro) 402 333
Romania - Orange
Customers (in thousands) (period end)(9) 3,317 2,211
Total revenues (Euro in millions) 467 328
Annual average revenue per user (Euro) 169 202
Slovakia - Orange
Customers (in thousands) (period end) 2,065 1,713
Total revenues (Euro in millions) 392 324
Annual average revenue per user (Euro) 198 198
Switzerland - Orange
Customers (in thousands) (period end) 1,085 963
Total revenues (Euro in millions) 775 670
Annual average revenue per user (Euro) 712 721
Other Countries
Customers (in thousands) (period end) 2,046 1,488
Total revenues (Euro in millions) 403 313
Total Rest of World (excl. shared group functions)
Customers (in thousands) (period end) 15,161 11,839
Total revenues (Euro in millions) 4,299 3,566
Total Orange
Customers (in thousands) (period end) 49,139 44,367
This information is provided by RNS
The company news service from the London Stock Exchange
END
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