PARIS (dpa-AFX) - Orange (ORAN) reported that its first quarter EBITDAaL was
2.406 billion euros, an increase of 2.3% from the prior year on a comparable
basis, while it was up 4.3% at historical basis.

On a comparable basis, quarterly group revenues rose 2.1% year-over-year to
9.85 billion euros, reflecting growth in retail services and a smaller decline
in wholesale services, mainly related to higher unbundling rates in France.

At historical basis, quarterly group revenues were up 3.5%

The Group confirmed its financial targets for 2024. It expects Low single-digit
growth in EBITDAaL. It expects Organic cash flow of at least 3.3 billion euros
from telecom activities. The targets are on a comparable basis and do not take
into account mergers and acquisitions not yet finalized. They exclude the
contribution of Orange Spain.

The company announced a proposal to increase the 2024 dividend payable in 2025
to 0.75 euros per share, including an interim dividend of 0.30 euros in December
2024.

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