Brief: Technicolor 9-Month Adj. EBITDA After Lease Up At EUR 52 Mln

Technicolor Creative Studios SA

30/11/2022 18:01

Nov 30 (Reuters) - Technicolor Creative Studios SA
 TCHCS.PA :
    * 9-MONTH UPDATE
    * 9-MONTH REVENUES OF €624 MILLION, UP 47.2% AT CURRENT RATE
COMPARED TO THE SAME PERIOD LAST YEAR
    * 9-MONTH ADJUSTED EBITDA AFTER LEASE OF EUR 52 MILLION, UP
EUR 7
MILLION AT CURRENT RATE
    * OVER FIRST NINE-MONTH OF 2022, ADJUSTED OPERATING FREE
CASH FLOW
AFTER LEASE2 AMOUNTED TO €(78) MILLION,  COMPARED TO €11 MILLION
FOR THE FIRST NINE-MONTH OF 2021
    * ESTIMATES TO DATE THAT IT MAY FACE A LIQUIDITY SHORTAGE AS
FROM
Q2 2023
    * INTENDS TO SOON ENGAGE IN DISCUSSIONS WITH ALL
STAKEHOLDERS 
AND/OR THIRD-PARTY INVESTORS, IN AN EFFORT TO ADDRESS ITS
LIQUIDITY NEEDS
    * SOME INSTITUTIONAL SHAREHOLDERS AND FINANCIAL LENDERS HAVE
ALREADY REITERATED THEIR SUPPORT AND WILLINGNESS  TO HELP
RESOLVE THE FINANCIAL AND OPERATIONAL ISSUES

Source text for Eikon:  ID:nGNX5czBpj 
Further company coverage:  TCHCS.PA 
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