France Telecom Q1 sales down 2.6% at $16.4 billion

UK revenue fell 17.1% to $1.5 billion

France Telecom has reported a 2.6% decline in revenue to E12.6 billion ($16.4 billion) compared to E13 billion ($17 billion) in the same quarter last year. EBITDA fell 7.1% to E4.3 billion ($5.6 billion), while EBITDA margin dropped 1.7 points compared to last year.

Revenue from personal communication services fell 4.5% to E5.1 billion ($6.6 billion), home communication services revenue grew 6.7% to E4.9 billion ($6.3 billion), and enterprise communication services revenue grew 1.2% to E1.9 billion ($2.4 billion).

Geographically, revenue from France grew 1.9% to E5.9 billion ($7.6 billion), while UK revenue fell 17.1% to E1.2 billion ($1.5 billion), Poland revenue fell 24.2% to E960m ($1.25 billion), and Spain revenue declined 4.1% to E954m ($1.24 billion). Revenue from the rest of the world rose 5.1% to E2.02 billion ($2.63 billion).

Didier Lombard, chairman and chief executive at France Telecom, said: The group has been able to expand its customer base in the first quarter of the year to more than 183 million customers, with the number of mobile customers increasing more than 9% to almost 123 million and broadband services rising nearly 9% to 13 million ADSL-equipped households.

For fiscal 2009, it expects to generate E8 billion ($10.43 billion) in organic cash flow with Capex at 12% of fiscal 2009 revenues.

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