Technicolor today reports its trading commentary for the first quarter of 2018.
Paris (France), 25 April 2018 – Technicolor (Euronext Paris: TCH; OTCQX: TCLRY) today reports its trading commentary for the first quarter of 2018.
Technicolor's first quarter performance is in line, as expected, with last year at constant currency rate but affected by the dollar weakness versus the euro over the quarter (current rate).
Market conditions are overall aligned with expectations. For Connected Home, margin pressures remain, but management actions are being implemented to significantly reduce the effects of future component price increases, starting in the third quarter.
Technicolor confirms its expectations for an Adjusted EBITDA from continuing operations broadly stable at constant rate compared to 2017.
Based on first quarter performance, Technicolor confirms its expectations for an Adjusted EBITDA from continuing operations broadly stable at constant rate compared to 2017.
Annual General Meeting
26 April 2018
H1 2018 Results
25 July 2018
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. 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 Euronext Paris exchange (TCH) and traded in the USA on the OTCQX marketplace (OTCQX: TCLRY).
Emilie Megel: +33 1 41 86 61 48
Christophe Le Mignan: +33 1 41 86 58 83