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BRIEF-Technicolor First Quarter 2021 Results

05/11/2021 12:49
BRIEF-Technicolor First Quarter 2021 Results

- TECHNICOLOR SA TCH.PA:

  • TECHNICOLOR: FIRST QUARTER 2021 RESULTS

  • Q1 REVENUE FELL 3.7 PERCENT TO EUR 711 MILLION

  • Q1 ADJUSTED EBITDA OF EUR 43 MILLION UP 71.7% AT CONSTANT RATE REFLECTS OPERATIONAL AND FINANCIAL IMPROVEMENTS ACROSS ALL ACTIVITIES

  • END-Q1 FREE CASH FLOW (BEFORE FINANCIAL RESULTS AND TAX) FROM CONTINUING OPERATIONS OF EUR (196) MILLION REPRESENTS A EUR 118 MILLION YEAR-ON-YEAR IMPROVEMENT AT CURRENT RATE

  • Q1 ADJUSTED EBITDA OF EUR 43 MILLION UP 71.7% AT CONSTANT RATE REFLECTS OPERATIONAL AND FINANCIAL IMPROVEMENTS ACROSS ALL ACTIVITIES

  • GROUP IS WELL ON TRACK TO ACHIEVE C. EUR 115 MILLION COST SAVINGS PLANNED FOR CALENDAR YEAR 2021

  • IS CONFIDENT OF ACHIEVING OUTLOOK PRESENTED IN ITS FY 2020 PRESS RELEASE ISSUED ON MARCH 11, 2021

  • GROUP IS CONFIDENT OF ACHIEVING OUTLOOK PRESENTED IN ITS FY 2020 PRESS RELEASE ISSUED ON MARCH 11, 2021

  • OUTLOOK IN 2022: ADJUSTED EBITDA OF EUR 385 MILLION

  • OUTLOOK IN 2022: ADJUSTED EBITA OF EUR 180 MILLION

  • OUTLOOK IN 2022: CONTINUING FCF BEFORE FINANCIAL RESULTS AND TAX AT AROUND EUR 230 MILLION

Source text for Eikon: ID:nGNX6Msxnb

Further company coverage: TCH.PA


(Gdansk Newsroom)

(([email protected]; +48 58 7785110;))