latest key figures

France Telecom achieved its 2009 commercial and financial objectives, with an organic cash flow of 8.35 billion euros


Note: the reported figures exclude activities in the United Kingdom, which are no longer consolidated following the announcement in September 2009 of the planned merger of the Orange and T-Mobile operations in the United Kingdom. The United Kingdom segment is now treated as a discontinued operation in the financial statements.


strong growth in the total number of customers, with 193 million customers at 31 December 2009 (+5.7%)
consolidated revenues of 45.944 billion euros, down 1.8% on a comparable basis (50.952 billion euros including the UK). Excluding the impact of regulatory measures, revenues rose 0.1% for 2009
restated EBITDA of 16.327 billion euros with a margin of 35.5%, a decrease of 0.5 points on a comparable basis (17.254 billion euros including the UK). Excluding the impact of regulatory measures and new taxes, the restated EBITDA  margin rose 0.1 points. The net income Group share was 4.849 billion euros on a comparable basis, a decrease of 6.4% (2.997 billion euros on a reported basis)
capital expenditure of 5.3 billion euros, for a CAPEX rate of 11.5% of revenues
organic cash flow of 8.35 billion euros, better than the announced objective
proposed dividend of 1.40 euros per share for 2009, of which the remaining 0.8 euros will be paid on 17 June 2010
the Group maintains its ambitions for organic cash flow generation for 2010 and 2011



key figures: full year data*

   * Following the announcement in September 2009 of the merger of the Orange and T-Mobile operations in the United Kingdom, the United Kingdom segment is treated as a discontinued operation in the financial statements. However, it is still presented as a business segment in the business segment report of the consolidated financial statements (see review by business segment, page 17).
 4) Restated EBITDA for 2009 excludes (i) the provision linked to the “part time for seniors” plan of 461 million euros for France, 28 million euros for Enterprise and 80 million euros for Operators and Shared Services, and (ii) expense of 964 million euros linked to the dispute pertaining to the special corporate tax regime applied to France Telecom in France prior to 2003 borne by the Operators and Shared Services segment.
 5) Excluding the impact of the public offer for ECMS shares currently underway for 1.082 billion euros.

Commenting on the Group’s 2009 consolidated results, Didier Lombard, Chairman and Chief Executive Officer of France Telecom, said: “The Group’s performance in 2009 confirms the strategy undertaken in 2005 to position the company as an integrated operator. Since then, the Group has significantly increased its customer base and its geographical footprint while capitalizing on new technologies, thus enabling the Group to look to the future with confidence. As I hand over to Stéphane Richard, I would like to express my gratitude towards all of the Group’s employees for this shared success.”
Stéphane Richard, Chief Executive Officer designate of France Telecom, added: “I would first like to thank Didier Lombard for leading the Group’s transformation from being a national monopoly to a robust multi-national group that can boast more than 190 million customers and 180,000 employees in 32 countries, all while keeping a tight reign on its financial performance. It is an outstanding group blessed with many excellent qualities, even as it faces a crisis of confidence in France. We are working to recenter the business to provide a renewed outlook for the Group as a whole. This new project, which will be announced before the summer, aims to reposition both customers and employees firmly at the heart of the executive management’s priorities in a way that balances economic performance with social considerations while retaining our leadership position in innovation. This is the exciting task that lies ahead for me and the new management team.”




download the entire press release of 2010, 25 February