‘’Orange confirms the objective it has set for 2013 of operating cash flow of more than 7 billion euros’’.

In the occasion of the release of Orange Q2 financial results, Connectikpeople has observed that, the Group has confirmed the objective it has set for 2013 of operating cash flow of more than 7 billion euros.

In this dynamic, the ratio of net debt/EBITDA should be about 2.2
at the end of 2013 and return to a level of close to 2 at the end of 2014, excluding the impact of the tax dispute2, in order to preserve the Group’s financial soundness under all circumstances.
The Group has also confirmed that a dividend of a minimum of 0.80 euros per share will be paid for 2013.

The Board of Directors has decided on 24 July 2013 to pay an interim ordinary dividend for the current year based on the results of the first half of 2013. The interim dividend will be 0.30 euros per share and will be paid on 11 December 2013.
Finally , Connectikpeople can observes that, the Group will pursue a policy of prudent and selective acquisitions in accordance with its net debt / EBITDA objective, concentrating on possible consolidation and disposals in the markets in which it operates.

Commenting on the results for the first half of 2013, Orange Chairman and CEO Stéphane Richard said: “Against a macro-economic and competitive backdrop that remains difficult in our main markets, these results demonstrate the effectiveness of our strategy both commercially and in terms of reducing our cost structure’’.