Orange Sp/Adr (ORANY) Q1 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to Orange's Q1 2024 results conference call. The call today will be hosted by Ms. Christelle Heydman, CEO, and Mr. Laurent Martinez, Chief Financial Officer, with other members of the Orange's Executive Committee for the Q&A session that will start after the presentation. With that, let me hand over the floor to Ms. Christelle Heydman. Please go ahead, ma'am. Good morning, and welcome to our Q1 2024 results presentation that I will comment together with Laurent. Let's move to slide four, which presents the key highlights of the quarter. We began this year with the launch of our new brand signature, Orange is Here, already launched in a dozen of countries and which has been positively received for its innovative and credible approach. The main achievement this quarter, as expected, was the completion of the transaction with Masmovil to form a leading operator in Spain. This is a decisive step forward in our overall vision for a strong and thriving telecoms industry in Europe. As a consequence, from now on, we fully deconsolidate Spain from our group KPIs. Overall, we are very pleased by our Q1 operating results, excluding Spain, with revenues up by 2.1% and EBITDA growth of 2.3%, consistent with our full year guidance. In terms of innovation, we launched this quarter new offers, notably on GenAI for B2B customers in France. We also expanded our partnership with Google Cloud to leverage AI and GenAI across our work streams and geographies. Through this partnership, we will accelerate on AI with a focus on operating smarter and more efficient networks while improving customer experience. Coming back to Mass Orange on slide five, This business combination creates the leading telecom operator in Spain with more than 40% cust...