Orange Côte d’Ivoire Raises 2024 Dividend Payout After $1.7B Revenue
TLDR
- Orange Côte d’Ivoire reported a 6.6% increase in revenue to 1.08 trillion FCFA ($1.72 billion) for 2024
- The BRVM-listed company (ORAC), with operations in Côte d’Ivoire, Burkina Faso, and Liberia, faced declining voice and data prices
- Orange Côte d’Ivoire announced a total dividend payout of 112.99 billion FCFA ($178.8 million), including 107.92 billion FCFA ($170.7 million) from net profits
Orange Côte d’Ivoire reported a 6.6% increase in revenue to 1.08 trillion FCFA ($1.72 billion) for 2024, driven by network investments, fiber expansion, and mobile network growth in rural areas. Despite rising energy costs and regulatory challenges, EBITDAaL grew 3.3% to 390.3 billion FCFA ($617.5 million), while net profit increased 2.1% to 158.2 billion FCFA ($250.3 million).
The BRVM-listed company (ORAC), with operations in Côte d’Ivoire, Burkina Faso, and Liberia, faced declining voice and data prices but benefited from a strong fiber and mobile customer base. Financial expenses increased, mainly due to exchange rate impacts in Liberia.
Orange Côte d’Ivoire announced a total dividend payout of 112.99 billion FCFA ($178.8 million), including 107.92 billion FCFA ($170.7 million) from net profits and 5.07 billion FCFA ($8 million) from reserves. Each share will receive a gross dividend of 750 FCFA ($1.19).
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Points clés à retenir
Orange Côte d’Ivoire’s steady revenue and profit growth come amid rising competition and inflation. The company’s fiber and mobile investments have strengthened its market position, but regulatory and pricing pressures remain concerns. The dividend distribution highlights strong cash flow, but increasing operational costs, particularly energy expenses and forex volatility in Liberia, could impact future margins. The telecom sector in Francophone West Africa remains competitive, with firms investing in infrastructure to support digital transformation and mobile money services. Orange’s ability to sustain revenue growth while navigating economic and regulatory challenges will be key to its long-term performance.
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