Orange targets return to EBITDA growth in 2016

(Telecompaper) Orange stabilised its adjusted EBITDA in 2015 and said it aims for a return to growth in 2016. The company reported a result of EUR 12.43 billion for the year, up 0.1 percent on an organic basis and 1.9 percent higher on a reported basis. The figure was better than Orange's outlook for EBITDA of at least EUR 12.3 billion. Revenues were still down 0.1 percent on an organic basis to EUR 40.24 billion, amid declines in France, Spain and Poland. Net profit more than doubled, to EUR 2.