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PREVIEW-Analysts to seek H2 clues from France Telecom

Published 07/28/2009, 01:27 PM
Updated 07/28/2009, 01:32 PM
ORAN
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PARIS, July 28 (Reuters) - Investors will look for confirmation of France Telecom's cash flow and investment targets, as well as clues on H2 sales, and the size of its interim dividend when it publishes first half results on Thursday.

Europe's third-largest telecoms operator in terms of market capitalisation will report sales of 25.536 billion euros ($36.45 billion), according to an estimate based on the average of 15 analysts' forecasts. An average of 12 analysts' forecasts estimated EBITDA for the first half at 8.641 billion euros.

The group is targeting organic cash flow of 8 billion euros in 2009, and expects to invest just under 12 percent of its sales this year.

The group is aiming for 2009 sales growth "well above" GDP growth in the countries in which it is present.

The group is due to publish first half results on Thursday 30 July at around 0530 GMT. It will hold a news conference at 0830 GMT and an analysts' conference at 1230 GMT.

(Reporting by Cyril Altmeyer; Writing by Helen Massy-Beresford)

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