Brief: Technicolor Creative Studios SA Revenues Amounted To EUR 302.7 Million For First Half 2023, Down -25.9% Compared To Same Period In 2022

Technicolor Creative Studios SA

02/10/2023 21:10

Oct 2 (Reuters) - Technicolor Creative Studios SA
 TCHCS.PA :
    * REVENUES AMOUNTED TO EUR 302.7 MILLION FOR FIRST HALF
2023, DOWN
-25.9%  COMPARED TO SAME PERIOD IN 2022
    * IN FIRST HALF 2023, ADJUSTED EBITDA DECREASED BY EUR 58.9
MILLION TO EUR -15.7 MILLION
    * FOR 2023: REVENUE CONTRACTION, ADJUSTED EBITDA AFTER LEASE
TO
DECREASE BY C.EUR 40M COMPARED TO HY 2023
    * SEES FOR 2024: TRANSITION YEAR WITH PROGRESSIVE RECOVERY
OF
BUSINESS IN H1, TO BE MATERIALIZED IN H2 REVENUES
    * TECHNICOLOR CREATIVE STUDIOS-IMPACT OF STRIKES IN
HOLLYWOOD,
UNFAVOURABLE MACROECONOMIC ENVIRONMENT LED TO LOWER FINANCIAL &
OPERATIONAL PERFORMANCE IN H1 2023
    * HY EBIT WAS A EUR 53.6 MILLION LOSS COMPARED TO A EUR 19
MILLION
PROFIT IN FIRST HALF 2022
    * INTENDS TO SEEK, IN SHORT TERM, FURTHER FINANCING OPTIONS
FROM
VARIOUS SOURCES
    * INTENDS TO DEEPEN AND ACCELERATE ITS STRATEGIC REVIEW
ANNOUNCED
IN MARCH AND JUNE 2023

Source text for Eikon:  ID:nGNE2gx1xQ 
Further company coverage:  TCHCS.PA 

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