Orange raises 2026 profit outlook

French telecoms group Orange raised its 2026 core profit growth target to over 4.5 percent. The upgrade is driven by strong performances in Africa and Europe. CEO Christel Heydemann also emphasized that satellite connectivity will strengthen the company networks.

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FILE PHOTO: A man walks past the logo of French telecom operator Orange at the company headquarters in Issy-les-Moulineaux near Paris, France, February 9, 2024.

ORANGE raised its 2026 core profit growth target above 4.5% on Tuesday morning, driven by expanding operations in Africa and Spain. The revised guidance surpasses the previous 4% target set by the France-based telecom operator. The upgrade provides investors with higher cash return visibility as domestic growth remains flat.