Orange T4 core profits up 1.3% thanks to improved sales in France and Africa


PARIS, Feb. 13 (Reuters) - Orange ORAN.PA, France’s leading telecom operator, posted a 1.3% increase in core operating profit in the fourth quarter, with sales returning to growth in France and up sharply in Africa and the Middle East.

Earnings before interest, taxes, depreciation and amortization after leases (EBITDAal) increased to 3.29 billion euros (3.58 billion dollars) over the period, fully in line with the average analysts' expectations compiled by l 'business.
In 2019, the group's turnover increased by 0.6% to 42.24 billion euros. The Paris-based company confirmed its 2020 targets as announced on its last investor day in December, adding that its organic cash flow from telecoms activities in 2020 will be more than 2.3 billion euros.
($ 1 = 0.9199 euros)
(Report by Mathieu Rosemain; Editing by Christian Lowe)

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