Core Insights - Orange has launched a new strategic plan titled "Trust the future," focusing on sustainable value creation and profitable growth, with an emphasis on cash flow generation compared to the previous plan [1][4][19] Financial Guidance - For 2026, the expected EBITDAaL is approximately 3% with an organic cash flow target of around €4 billion, and a dividend of €0.79 payable in 2027 [1][20] - By 2028, the Group anticipates EBITDAaL to grow at a CAGR of approximately 3% from 2025 to 2028, with organic cash flow reaching about €5.2 billion [1][19] - The eCAPEX/sales ratio is projected to decrease to around 14% by 2028, while maintaining a net debt to EBITDAaL ratio of approximately 2x in the medium term [1][20] Strategic Ambitions - The strategy is built around three key ambitions: Customer intimacy, Innovative growth, and Excellence at scale [4][6][19] - Customer intimacy aims to enhance relationships with the 340 million customer base, reducing churn and improving loyalty [6][10] - Innovative growth focuses on expanding profitable services beyond connectivity, targeting an additional €1 billion in revenue by 2028 [7][10] - Excellence at scale leverages the Group's size for technological leadership and operational efficiency [9][12] Market Focus - In France, the Group is transitioning to a full fiber network while implementing efficiency measures to counteract declining copper-related revenues [3][13] - The Africa and Middle East regions are expected to see high single-digit revenue growth, with a similar growth rate anticipated for EBITDAaL [14] - In Europe, low single-digit growth in service revenues and EBITDAaL is expected, with a disciplined approach to CAPEX [15] Operational Efficiency - The Group plans to achieve €1 billion in savings through enhanced operational efficiency, particularly in procurement [12] - AI deployment will be expanded across operations, targeting €600 million in value generated from AI by 2028 [12][19] Shareholder Returns - The Group is committed to maintaining an attractive remuneration policy, with a progressive dividend growth strategy and a new floor set at €0.85 for 2028 [1][20] Commitment to Society and Environment - Orange aims to extend digital trust and provide free digital training to 6 million people by 2030, while also committing to a 45% reduction in greenhouse gas emissions by 2030 [22][24]

Core Insights - Revolut has announced a A$400 million ($282 million) investment strategy to expand its presence in Australia over the next five years, as the company’s Australian customer base has surpassed one million [1][4]. Group 1: Company Growth and Workforce - Since entering the Australian market in 2020, Revolut has grown its local workforce to over 100 employees [2]. - The company was granted an Australian Financial Services Licence in May 2020 and launched publicly in August of the same year [2]. Group 2: Product Offerings and Customer Savings - Revolut offers Australian customers a range of services including a multi-currency debit card, digital wallet, international money transfers, trading in digital assets, US stocks, commodities, and unsecured personal loans [3]. - Clients have collectively saved A$250 million in foreign exchange charges compared to traditional banks [3]. Group 3: Market Position and Future Plans - The company aims to double its marketing investment and aggressively deliver new products, positioning itself for significant growth in 2026 [5]. - Revolut has introduced a merchant acquiring platform in Australia, featuring processing fees starting at 0.5% and support for transactions in over 30 currencies [6]. - Transaction volumes in the Australian market have increased by 235% over the past twelve months [6]. Group 4: Global Expansion Strategy - Revolut is approaching 70 million customers worldwide and plans to invest $13 billion (£10 billion) over the next five years for global expansion [7].