The Board of Directors of Technicolor met on 27 April 2011 to review the Group’s revenues for the quarter ending 31 March 2011.
Paris (France), 28 April 2011 - The Board of Directors of Technicolor (Euronext Paris: TCH) met on 27 April 2011 to review the Group’s revenues for the quarter ending 31 March 2011.
Q1 2011 revenues
In the first quarter of 2011, Group revenues from continuing operations amounted to €812 million, up 15.4% at current currency compared to the first quarter of 2010, and up 16.2% at constant currency.
Update on financial situation and objectives
Comment by Frederic Rose, CEO
“I am pleased that we are reporting another quarter of revenue growth and that we are on track to deliver on our 2011 commitments. While we are moving in the right direction, we are determined to stay focused on generating innovation, expanding our customer base and improving operational efficiencies.”
1EBIT from continuing operations minus Depreciation & Amortization (including impact of provisions for risks, litigations and warranties), minus net restructuring and impairment charges, and minus other income and expenses.***
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 and include any statement which does not directly relate to a historical fact or current fact. 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.
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