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orange ™ Financial information at 30 June 2021 Revenue growth acceleration in Q2 and near stable EBITDAAL Very strong sales momentum across the Group Material impact on net income from accounting recognition of asset impairments in Spain Growth drivers allow the Group to confirm its 2023 objectives 2Q 2021 ■ ■ ■ In millions of euros Revenues EBITDAAL Operating Income Consolidated net income eCAPEX ( excluding licenses ) EBITDAAL - eCAPEX Organic cash - flow ( telecom activities ) ▪ Revenue up 2.6 % ¹ in Q2 2021 : 10,551 3,272 2,085 1,187 ■ change comparable basis 2.6 % ( 0.4 ) % 33.2 % ( 31.0 ) % change historical basis 1.7 % ( 1.2 ) % 32.3 % ( 31.6 ) % 6M 2021 20,867 5,837 ( 1,752 ) ( 2,605 ) 3,845 1,992 840 Press release Paris , 29 July 2021 sharp rebound in equipment sales and sustained performance in services outstanding performance in Africa & Middle East at + 14.4 % change comparable basis 1.5 % ( 0.4 ) % na 22.8 % ( 27.0 ) % ¹ Unless otherwise stated , the changes presented in this press release are on a comparable basis . change historical basis 0.5 % ( 1.3 ) % na na Europe excluding Spain + 6.1 % , decline in Spain limited to -2.7 % compared to -7.4 % in Q1 Enterprise accelerating at + 2.3 % thanks to revenues from IT and Integration services France slightly lower at -0.7 % ▪ Excellent commercial performance : 11.2 million convergent customers 10.3 million fiber ( FTTH ) customers out of 51.8 million connectable households . The FTTH client base rose 28 % year on year , driven in particular by France and Poland Close to 1 million 5G customers with 5G offers available in six countries 21.9 % ( 27.8 ) % 229.3 % ▪ EBITDAaL down slightly by 0.4 % , penalized by less co - financing received in France Operating income was -1,752 million euros at 30 June 2021 compared to +2,220 million euros at 30 June 2020 due to goodwill impairments in Spain of 3,702 million euros reflecting the downward revision of the short - term outlook ■ Consolidated net income was -2,605 million euros ▪ eCAPEX rose sharply : + 33.2 % in Q2 2021 after a slowdown in investments in Q2 2020. It was + 22.8 % in the first half , driven by investments in fiber and in Africa & Middle East , in line with the objectives for 2021 Organic cash flow from telecom activities of 840 million euros in H1 2021 ( up 585 million euros compared to H1 2020 on a historical basis ) despite the strong increase in eCAPEX , tied to the normalization of WCR penalized in 2020 by support measures for partners .