Technicolor (Euronext Paris: TCH; OTCQX: TCLRY) announces today its results for the first half of 2018.
First Half 2018 Key Highlights from continuing operations
First Half |
|||
In € million |
2017 |
2018 |
At constant rate |
Revenues from continuing operations |
2,098 |
1,769 |
(9.3)% |
Adjusted EBITDA from continuing operations |
82 |
57 |
(20.0)% |
As a % of revenues |
3.9% |
3.2% |
|
Free Cash Flow from continuing operations |
(109) |
(150) |
(41) |
Full Year 2018 guidance confirmed
Based on first half performance and current assessment of the market by the management (i.e. 15% year-on-year decline in North American video cable market and no increased supply tightness for components), Technicolor confirms it expects an Adjusted EBITDA from the continuing operations broadly stable compared to 2017 at constant exchange rate.
An analyst audio webcast hosted by Frederic Rose, CEO, and Laurent Carozzi, CFO, will be held Tuesday, 24 July 2018 at 6:30pm CEST.
Link to the Audio Webcast:
http://www.technicolor.com/webcastH12018
The presentation slides will be made available on our website prior to the webcast
The replay will be available at the latest by 9:30pm (CEST) on July 24th, 2018
Financial calendar
Q3 2018 business update |
24 October 2018 |
FY 2018 results |
28 February 2019 |
###
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. 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).
Investor Relations
Christophe Le Mignan : +33 1 41 86 58 83
christophe.lemignan@technicolor.com