Revenues up 65% at constant currency in Q1 2016 compared to Q1 2015
Paris (France), 28 April 2016 – Technicolor (Euronext Paris: TCH; OTCQX: TCLRY) announces today its revenues for the first quarter of 2016. In the second half of 2015, Technicolor closed the acquisitions of Cisco Connected Devices and The Mill, which had a positive impact on prior-year result comparison.
Frederic Rose, Chief Executive Officer of Technicolor, stated:
“Our significant customer wins in the first quarter demonstrate the successful start to integrating our 2015 acquisitions. This puts us in good stead to achieve our financial objectives.”
Key points
2016 objectives confirmed
Segment review – Q1 2016 revenue highlights
Group revenues by segment
|
First Quarter |
Change YoY |
|||
In € million |
2015 |
2016 |
Current rate |
Constant rate |
|
Connected Home |
317 |
698 |
+120.3% |
+121.7% |
|
Entertainment Services |
338 |
450 |
+33.2% |
+34.6% |
|
o/w |
Production Services |
121 |
179 |
+47.4% |
+51.4% |
|
DVD Services |
217 |
272 |
+25.3% |
+25.2% |
Technology |
118 |
112 |
(4.9)% |
(2.6)% |
|
Group revenues excluding exited activities |
772 |
1,260 |
+63.1% |
+64.7% |
|
Exited activities |
33 |
2 |
(94.3)% |
(94.4)% |
|
Group revenues |
805 |
1,262 |
+56.7% |
+58.2% |
###
Financial calendar
Annual General Meeting |
29 April 2016 |
H1 2016 Results |
28 July 2016 |
###
Warning: Forward Looking Statements
This press release contains certain statements that constitute "forward-looking statements", including but not limited to statements that are predictions of or indicate future events, trends, plans or objectives, based on certain assumptions or which do not directly relate to historical or current facts. Such forward-looking statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the future results expressed, forecasted or implied by such forward-looking statements. For a more complete list and description of such risks and uncertainties, refer to Technicolor’s filings with the French Autorité des marchés financiers.
###
About Technicolor
Technicolor, a worldwide technology leader in the media and entertainment sector, is at the forefront of digital innovation. Our world class research and innovation laboratories enable us to lead the market in delivering advanced video services to content creators and distributors. We also benefit from an extensive intellectual property portfolio focused on imaging and sound technologies. Our commitment: supporting the delivery of exciting new experiences for consumers in theaters, homes and on-the-go.
www.technicolor.com – Follow us: @Technicolor – linkedin.com/company/technicolor
Technicolor shares are on the NYSE Euronext Paris exchange (TCH) and traded in the USA on the OTCQX marketplace (OTCQX: TCLRY).
Media Contact
Sandra Carvalho: +1 323 208 2624
sandra.carvalho@technicolor.com
Lane Cooper: +1 415 646 6592
lane.cooper@technicolor.com
Investor Relations
Emilie Megel: +33 1 41 86 61 48
emilie.megel@technicolor.com
Laurent Sfaxi: +33 1 41 86 58 83
laurent.sfaxi@technicolor.com