Telecom giant Orange Group records growth in turnover, net profit

Despite facing aggressive competition in the Ivory Coast, security challenges in Burkina Faso, and currency instability in Liberia, telecom giant Orange Group - the parent company of the BRVM-listed Orange CI - showed impressive resilience in 2023, posting growth in both its turnover and net profit.

To address the challenges encountered during the year, the Group implemented various initiatives, including revamping its offerings, undertaking significant recruitment efforts, modernizing mobile networks, and expanding fiber networks. These actions resulted in significant growth in the company's mobile, Orange Money, and fixed internet customer bases. There was a 9.5% increase in the Fixed, Mobile, and Internet (FMI) base and a 13.0% increase in the Orange Money base in 2023.

Thanks to this strong operational performance, Orange recorded a consolidated turnover of 1.016 trillion FCFA ($1.7 billion), representing a 5.3% increase. The Group also experienced a positive recovery in Orange Money activities and witnessed growth in fixed internet subscriptions, aligning with its fiber deployment strategy.