Orange Sp/Adr (ORANY) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to Orange's first half 2024 results conference call. The call today will be hosted by Ms. Christelle Heydman, the CEO, and Mr. Laurent Martinez, chief financial officer, with other members of Orange's executive committee for the Q&A session that will start after the presentation. Thank you very much, and let me pass the floor over to Ms. Christelle Heydman. Please go ahead, ma'am. Thank you. Good morning, and welcome to our 2024 first half results presentation. Two days before the start of the Olympic Games in Paris, we are very proud to be the official partner and to provide all the connectivity for the event. Our teams are very enthusiastic and committed to this flagship project to demonstrate our expertise. So let's now zoom and highlight a few points that I will detail in this presentation. Our Lead the Future plan is now at midterm and is progressing at full speed. H1 results are very strong with an organic cash flow growth of more than 17% year on year, and we are fully confirming our full year guidance. Before diving into our H1 financial results, I will also take the opportunity to comment on the French competitive environment. As the market leader, we pursue a disciplined pricing strategy while monitoring our volume value equation. This has again fueled our retail growth this quarter. In Spain, after three months with Mass Orange, we are happy to announce the agreement with Vodafone Spain to create a Fiber Co., a new illustration of our capacity to capitalize on our infrastructure leadership. Now let's move to slide six for a mid-term update on our Lead the Future plan. It's now almost a year and a half since our strategic plan was launched and we are focused on execution as illustrated by our strong cash gener...