Q1 2015 revenues up 8.3% at current currency, down 3.2% at constant currency
Full year 2015 objectives confirmed
Strong start on Drive 2020 initiatives
Paris (France), 23 April 2015 – Technicolor (Euronext Paris: TCH; OTCQX: TCLRY) announces today its revenues for the first quarter of 2015.
Frederic Rose, Chief Executive Officer of Technicolor, stated:
“Our strong first-quarter performance means we are well on our way to deliver on our 2015 objectives of EBITDA and FCF. With the launch of the UHD Alliance and our broad program of initiatives in High Dynamic Range technologies and services, the HEVC Advance patent pool and the announced acquisitions of OuiDo Productions and Mikros Image, Technicolor’s implementation of its Drive 2020 strategic plan is on track and we are laying foundation for success in our key areas of profitable growth. Even at this early stage, 2015 is shaping up to be a very good year for Technicolor.”
Key points
2015 objectives confirmed
Segment review – Q1 2015 revenue highlights
Group revenues by segment
|
First Quarter |
Change YoY |
||
In € million |
2014 |
2015 |
Reported |
At constant rate |
Technology |
113 |
123 |
+9.0% |
(2.2)% |
Entertainment Services |
328 |
358 |
+9.2% |
(4.1)% |
Connected Home |
291 |
317 |
+8.9% |
(0.8)% |
Group revenues (excl. legacy activities and Other) |
732 |
798 |
+9.1% |
(2.5)% |
Legacy activities |
5 |
1 |
(87.8)% |
(89.9)% |
Other |
7 |
7 |
(0.4)% |
(19.0)% |
Group revenues |
744 |
805 |
+8.3% |
(3.2)% |
An analyst conference call hosted by Frederic Rose, CEO, and Esther Gaide, CFO, will be held on Thursday, 23 April 2015 at 4:00pm CEST.
Financial Calendar
Dividend Payment |
From 22 May 2015 |
H1 2015 Results |
23 July 2015 |
Q3 2015 Revenues |
21 October 2015 |
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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.
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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, based on a thriving licensing business. Our commitment: supporting the delivery of exciting new experiences for consumers in theaters, homes and on-the-go. www.technicolor.com
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Technicolor shares are on the NYSE Euronext Paris exchange (TCH) and traded in the USA on the OTCQX marketplace (OTCQX: TCLRY).
Contacts
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technicolorpressoffice@technicolor.com
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investor.relations@technicolor.com