The phone company France Telecom has published Tuesday, May 3, sales up 2.5% in the first quarter, in line with analyst expectations and its own expectations for the current year. The sales of those three months amounted to 11.2 billion euros, in line with forecasts of analysts cited by Dow Jones. "These solid results in the first quarter are in line with our financial goals throughout the year 2011.
They are fully in the implementation of our plan Conquest 2015, and in the deployment of the new social contract France, "said CEO Stephane Richard said in a statement. The gross operating profit (EBITDA) amounted to 3.7 billion euros, equivalent to 33.3% of sales. This margin is down 1.3 points over one year mainly because of "the adverse impact of the partial pass the VAT hike in France as of 1 January," he told a conference call CFO Gervais Pellissier.
The number of France Telecom customers in Tech Buzz News has reached 215.9 million at March 31, up 7% on a comparable basis, "driven by growth of 25% of mobile connections in Africa and the Middle East ". GROWTH IN EMERGING MARKETS France Telecom said the "good momentum" of mobile services in both the main European countries and in emerging markets (with the exception of Egypt, Côte d'Ivoire and Romania) .
Spain has experienced the strongest growth, up 7% over the quarter. In France, sales of phones is up 5.9% despite the impact of non-VAT increase to customers. "The growth of data services is accelerating thanks to the success of smartphones and some offers" quadruple-play (Internet, television, landline and mobile).
Orange France has stabilized its market share, which remains at 46.6%. But the increase in VAT has weighed on the share of consumer market, which has eroded primarily "for the benefit of virtual operators using the Orange network," said Pellissier. On Monday, France Telecom's share closed up 0.16% to 15.86 euros in a market capitalization of 42.01 billion euros, the fourth largest sector in Europe. 
They are fully in the implementation of our plan Conquest 2015, and in the deployment of the new social contract France, "said CEO Stephane Richard said in a statement. The gross operating profit (EBITDA) amounted to 3.7 billion euros, equivalent to 33.3% of sales. This margin is down 1.3 points over one year mainly because of "the adverse impact of the partial pass the VAT hike in France as of 1 January," he told a conference call CFO Gervais Pellissier.
The number of France Telecom customers in Tech Buzz News has reached 215.9 million at March 31, up 7% on a comparable basis, "driven by growth of 25% of mobile connections in Africa and the Middle East ". GROWTH IN EMERGING MARKETS France Telecom said the "good momentum" of mobile services in both the main European countries and in emerging markets (with the exception of Egypt, Côte d'Ivoire and Romania) .
Spain has experienced the strongest growth, up 7% over the quarter. In France, sales of phones is up 5.9% despite the impact of non-VAT increase to customers. "The growth of data services is accelerating thanks to the success of smartphones and some offers" quadruple-play (Internet, television, landline and mobile).
Orange France has stabilized its market share, which remains at 46.6%. But the increase in VAT has weighed on the share of consumer market, which has eroded primarily "for the benefit of virtual operators using the Orange network," said Pellissier. On Monday, France Telecom's share closed up 0.16% to 15.86 euros in a market capitalization of 42.01 billion euros, the fourth largest sector in Europe.
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