latest key figures

the solid performance in the first half 2010 enabled the Group to confirm its organic cash-flow objectives for 2010 and 2011
France Telecom proposes to its shareholders an annual dividend of €1.40 per share in 2010, 2011 and 2012



consolidated revenues of 22.144 billion euros for the first half of 2010, down 2.2% on a comparable basis. Excluding the effect of regulation, revenues were stable compared with the first half of 2009 but the trend improved in the second quarter of 2010, up +0.3%

EBITDA was 7.745 billion euros for a margin of 35.0%, with the erosion limited to 0.9 points on a comparable basis

the Group’s share of net income was 3.725 billion euros in the first half 2010

capital expenditure was 2.114 billion euros in the first half, for a CAPEX rate of 9.5% of revenues

organic cash flow of 3.989 billion euros in the first half of 2010. The Group confirms its ambition for organic cash-flow generation for 2010 and 2011



key figures for the 2010 first half

Commenting on the first half results, France Telecom Chief Executive Officer Stéphane Richard stated: “Following the announcement of the “conquests 2015” project in early July in which we clarified our businesses and redefined our outlook, it is my pleasure today to present solid half-year financial results. Once again, the Group has shown its resilience despite the unsettling economic conditions in our main markets. The downturn in revenues was more limited in the second quarter than previously, and we continued to attract even more customers – 182 million of them have chosen us, including 131 million under the Orange brand. This trend holds promise for the future because it affects all of our operations, especially mobile services in France, Spain and countries in Africa and the Middle East. In terms of profitability, we have succeeded in adapting to these challenging times and maintained an EBITDA margin of 35% of revenues, in line with our annual objectives. This is why we are reiterating our organic cash flow objectives for 2010 and 2011. And lastly, the Board of Directors accepted my proposal to commit for the coming three years to an annual dividend payment to our shareholders of €1.40, while maintaining our ability to invest and to grow.”




download the entire press release of 2010, 29 July