Orange hits 16-year high on strong 2028 guidance

Orange SA

19/02/2026 08:22

** Shares in French telecoms group Orange ORAN.PA rise around 5% after the company unveiled strong 2028 financial targets at its Capital Markets Day, hitting its highest price since April 2010

** Berenberg analysts note the 2028 guidance "appears strong and above consensus", with stronger growth, lower capital expenditure, and better cash flow

** J.P. Morgan says the presentation confirms Orange is set to deliver double-digit growth in free cash flow and earnings per share until 2028

** Berenberg also highlights that the dividend floor of €0.85 per share for 2028 is above analysts' forecasts

** Up to the previous session's close, shares were up 18.9%​ YTD

 (Reporting by Leo Marchandon in Gdansk)

 ((leo.marchandon@thomsonreuters.com))