France Telecom announces its audited financial results for 2007.

Consolidated revenues rose to €52.959 billion at 31 December 2007, 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

· gross operating margin (GOM) of €19.1 billion, up 3.4% on a comparable basis

· GOM rate (GOM/revenues) of 36.1%, stabilised compared with 2006 (+0.2 points)

· organic cash flow of €7.8 billion, above the objective of €7.5 billion

· capital expenditure (CAPEX) of €7.0 billion, with an investment rate (CAPEX/revenues) of 13.2%, in line with the stated objective of about 13% of revenues

· Group share of net income of € 6.3 billion, compared with €4.1 billion in 2006. On a comparable basis, after adjusting for the main non-recurring items, it was €4.6 billion in 2007, up from €3.7 billion in 2006

· net debt to GOM ratio of 1.99 and net debt at yearend of €38.0 billion. The 2008 objective was therefore met one year early

· dividend of €1.30 per share for 2007 will be proposed to the Annual General Meeting of Shareholders of 27 May 2008 and payable on 3 June 2008.

To view detailed press release click on the attachment.

Sourced From: Mutual Public Relations

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