Orange Stock Jumps 4% as Africa Growth Drives H1 Beat and Raised Guidance
TLDR
- Orange stock rose more than 3% after beating first-half earnings forecasts on revenue and EBITDAaL
- Africa and Middle East drove record growth, with Q2 revenue up 15% year-on-year in the region
- Full-year EBITDAaL guidance raised to above 4% growth; organic cash flow target lifted to ~€4.3 billion
- Net income hit €3.6 billion, boosted by a €2.4 billion gain from the MasOrange consolidation
- Orange signed a memorandum of understanding to jointly acquire SFR alongside Bouygues Telecom and Free
Orange SA stock climbed more than 3% on Monday, touching an intraday high of €17.19 in Paris, after the French telecoms group posted first-half results that topped analyst forecasts and lifted its full-year outlook for the second time in 2026.
First-half revenue came in at €20.95 billion against a consensus estimate of €20.76 billion. EBITDAaL of €6.13 billion also beat the €6.11 billion average estimate.
The stock briefly surpassed Morgan Stanley’s €16.50 price target. The bank maintained its “equal-weight” rating, noting that “MEA strength and the guidance raise” were outweighing weakness in Spain.
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