Application of accounting rule IFRS16 “Leases”
Accounting standard IFRS16 “Leases” has been applicable since 1 January 2019. Orange will start communicating its financial results under this standard as from the Q1 2019 results.
In order to prepare for IFRS16 changes, Orange published on 6 January 2019 an overview of:
- the nature of the changes that will impact Orange’s consolidated financial statements;
- the new key performance indicators that will be used by Orange; and
- The Orange group communication schedule.
The presentation is available on Orange’s corporate website: www.orange.com
Orange is one of the world’s leading telecommunications operators with sales of 41 billion euros in 2018 and 148,000 employees worldwide at 30 September 2019, including 88,000 employees in France. The Group has a total customer base of 268 million customers worldwide at 30 September 2019, including 209 million mobile customers and 21million 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 Services. In December 2019, the Group presented its new "Engage 2025" strategic plan, which, guided by social and environmental accountability, aims to reinvent its operator model. While accelerating in growth areas and placing data and AI at the heart of its innovation model, the Group will be an attractive and responsible employer, adapted to emerging professions.
Orange is listed on Euronext Paris (symbol ORA) and on the New York Stock Exchange (symbol ORAN).
Orange and any other Orange product or service names included in this material are trademarks of Orange or Orange Brand Services Limited.