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France Telecom Third Quarter Profit Fell 8% To 67.1 Billion Dollars

October 29th, 2009 Hero Leave a comment Go to comments

Beijing time on October 29, according to foreign media reports, Europe's third-largest Telecom France Telecom France Telecom (SA) in the third quarter earnings released. During the economic downturn by enterprise and individual expenditure reducing effect, France telecom third-quarter profits fell 8%, with analysts' expectations. Without interest, tax, depreciation and amortisation earnings, profits (EBITDA before taxes and depreciation, before an amortization, the average 49.5) by the year-on-year decline billion euros and formed 4.56 billion euros ($67.1 billion), Revenues from milliarden euro fell to 127 million euros. Analysts expect the topline 128 million euros. France telecom's CEO's “, the first (Didier rumba Lombard) said in a statement: “in the current economic, social and so serious circumstances, France telecom proved to have the ability to maintain performance. We will make full use of economic environment to develop business.” France and Germany's telecommunications with vodafone telecom, economic weakness in individuals and enterprises, forcing cuts and data transfer fee of telephone a restructuring, by cutting costs stop falling profits. France telecom said, cost reduction plans to limit its EBITDA the third quarter, the profit margin EBITDA dropped 0.7 percentage points, to the result. The company confirmed its cash flow goal is to reach 80 billion euro 2008, the cash flow. 2009 capital expenditures for the proportion of income insufficient 12%. As of September 30, France telecom has 1.891 million users, a year-on-year growth of 6.6 percent. Since this year, France telecom shares in Paris stock exchange has dropped by 11%, worth approximately 470 billion euros. Germany and Spain for telecom telecom European before two big telecommunications companies.

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