News

France Telecom has published its financial results for 2007. Consolidated revenues rose to €53 billion at 31 December 2007, a growth of 2.8% on a comparable basis. Growth was particularly strong in the fourth quarter of 2007 (+3.6% on a comparable basis). In 2007, the Group met or exceeded all of its operational and financial objectives. These include gross operating margin (GOM) of €19.1 billion, up 3.4% on a comparable basis, organic cash flow of €7.8 billion, capital expenditure (capex) of €7.0 billion, Group share of net income of € 6.3 billion, compared with €4.1 billion in 2006, net debt to GOM ratio of 1.99 and net debt at year end of €38 billion. In 2008, the Group's objectives are: organic cash flow of more than €7.8 billion, stability of the GOM and maintaining capex at about 13% of revenues.