At the mid-point of strategy
implementation, our performance is on-track

We capitalise on solid demand for our services and our dynamic ability to execute. All our key subscription services have simultaneously expanded the customer base and improved the average revenue that they generate. Orange fibre is now available to almost 50% of Polish households. We now have more fibre than copper broadband customers, which symbolically marks the turning point in our technological transformation. Thanks to our ‘new opening in wholesale’ strategy we are maximising the monetisation of our assets through the demand for our infrastructure from other operators. Revenue growth from ICT services has outpaced our expectations, as we are uniquely positioned to take advantage of the digitisation of Polish enterprises owing to our wide competencies coupled with a strong foothold in connectivity.

Our financial ambitions are going according to plan – or even exceeding it. We have promised to translate revenue growth into low-to-mid single-digit increase of EBITDAaL through our high operating leverage. Next, by keeping stable capex, we aim to boost cash-flow generation and the return on capital employed (ROCE). As the table below demonstrates, revenue and EBITDAaL growth is at the high end of the guidance, while our eCapex is at the low end of the expectations. We have quadrupled ROCE and preserved a very sound balance sheet.