Orange Sp/Adr (ORANY) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to Orange's Q3 2024 conference call. The call will be hosted by Ms. Christelle Heydemann, the CEO, and Mr. Loro Martinez, Chief Financial Officer, with other members of the Orange's Executive Committee for the Q&A session that will start after. Thank you, and let me hand the call over to Ms. Christelle Heydemann. Please go ahead, ma'am. Good morning, and thank you for joining our Q3 results presentation. Following a summer marked by the success of the Olympic Games, where we demonstrated to the world our unparalleled expertise, we are pleased to report strong Q3 results and confirm our full year guidance. In France, despite the competitive market on the low end, we have delivered a good commercial performance. Middle East and Africa strongly contributed to our Q3 results with the sixth quarter in a row of double-digit growth. I will seize this opportunity to zoom in on this. Let's start with a few words on the Paris 2024 Olympics, which was a great opportunity to demonstrate our technological leadership by providing full connectivity for this unprecedented event. Whereas in Tokyo for the Olympics in 2021, there were five operators connecting the event, Orange was the only operator for these games with over 1,000 technical experts mobilized. we played our role perfectly as a trusted partner with record traffic peaks on our networks. To give you an idea, 5G traffic in Paris doubled during this event compared to last year. We are proud of this success, which has strengthened our brand image, and I'd like to thank all our teams who contributed to it. We will capitalize on this legacy to develop our activity, especially on B2B. Let's now zoom in on our France business. In Q3, the French competitive environment was broadly st...