In the first quarter of 2013, Group revenues from continuing operations amounted to €775 million
Paris (France), 26 April 2013 – The Board of Directors of Technicolor (Euronext Paris: TCH) met yesterday to review the Group’s revenues (unaudited) for the first quarter of 2013.
Q1 2013 revenue highlights
In the first quarter of 2013, Group revenues from continuing operations amounted to €775 million, up 2.1% at constant scope and current currency and up 2.2% at constant scope and currency compared to the first quarter of 2012 revenues.
|In € million||Q1 2012 (unaudited)||Q1 2013 (unaudited)||Change, at constant scope and currency (%)|
|Group revenues from continuing operations||800||775||+2.2%|
|Change as reported (%)||(3.2)%|
|Change at constant currency (%)||(3.1)%|
|Change as reported (%)||+3.3%|
|Change at constant currency (%)||(1.5)%|
|Change as reported (%)||(4.9)%|
|Change at constant currency (%)||(5.4)%|
|Change as reported (%)||+13%|
|Change at constant currency (%)||+16.3%|
|Digital Delivery (activities disposed)||42||0||-|
Financial Structure update
2013 objectives confirmed
Frederic Rose, Chief Executive Officer of Technicolor, stated:
“This quarter was marked by robust revenue growth resulting from our continued focus on execution. This good performance was driven by sustained Licensing revenues, a great performance in Connected Home and revenue growth in our core Entertainment Services. We have increased market shares across our different businesses and maintained our focus on innovation to support their growth and to further strengthen our intellectual property. We are on track to deliver on our 2013 commitments.”
An analyst conference call hosted by Frederic Rose, CEO and Stéphane Rougeot, CFO and SEVP Strategy will be held on Friday, 26 April 2013 at 4:00pm CET.
|AGM 2013||May 23 2013|
|H1 2013 Results||July 26 2013|
|Q3 2013 Revenues||25 October 2013|
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.
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, based on a thriving licensing business. Our commitment: supporting the delivery of exciting new experiences for consumers in theaters, homes and on-the-go. Euronext Paris: TCH ? www.technicolor.com
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 Excluding the Broadcast Services and the SmartVision (television-over-IP) businesses, sold in 2012, and the Cirpack softswitch operations (voice-over-IP), sold in 2013. Those activities contributed €42 million of revenues in the first quarter of 2012 (no contribution in the first quarter of 2013).
 On a reported basis, including disposals, revenues were down 3.2% at current currency and down 3.1% at constant currency.
 Adjusted EBITDA at constant scope excluding the Broadcast Services and the SmartVision (television-over-IP) businesses, sold in 2012, and the Cirpack softswitch operations (voice-over-IP), sold in 2013.