Brief: FY Adjusted EBITA Loss Turns To Profit Of 95 Million Euros

Vantiva SA

24/02/2022 16:57

Feb 24 (Reuters) - Technicolor SA  TCH.PA :
    * FY ADJUSTED EBITA EUR +95 MILLION VERSUS LOSS EUR 59
MILLION
YEAR AGO
    * 2022 LOOKS STRONG AND TECHNICOLOR CONFIRMS ITS 2022
GUIDANCE
    * TECHNICOLOR SA SAYS CHRISTIAN ROBERTON TO BE APPOINTED CEO
OF
THE NEW ENTITY
    * TECHNICOLOR SA SAYS LUIS MARTINEZ AMAGO TO BE APPOINTED
CEO OF
TECHNICOLOR EX-TCS POST SEPARATION
    * 2022 LOOKS STRONG AND TECHNICOLOR CONFIRMS ITS 2022
GUIDANCE
    * TECHNICOLOR MET ITS 2021 GUIDANCE, DESPITE NUMEROUS
HEADWINDS
    * TECHNICOLOR ON TRACK TO DELIVER A CUMULATIVE EUR 325
MILLION IN
RUN RATE COST SAVINGS BY END OF 2022
    * WORLDWIDE DEMAND FOR CONNECTED HOME BROADBAND EQUIPMENT IS
EXPECTED TO REMAIN STRONG IN 2022
    * DEMAND FOR TECHNICOLOR CREATIVE STUDIOS' HIGHEST QUALITY
VFX
ARTISTRY AND CUTTING-EDGE TECHNOLOGY IS EXPECTED TO CONTINUE TO
GROW SIGNIFICANTLY THROUGHOUT 2022
    * FY REVENUE EUR 2.90 BILLION VERSUS EUR 3.00 BILLION YEAR
AGO
    * NET DEBT IFRS AMOUNTED TO €1,039 MILLION AS OF DECEMBER
31, 2021
COMPARED TO €812 MILLION AT THE END OF DECEMBER 2020, LEADING TO
A NET DEBT / EBITDA RATIO OF 3.87X AT CONSTANT EXCHANGE RATE, IN
LINE WITH GUIDANCE
    * KATHERINE HAYS HAS BEEN APPOINTED BY TODAY'S BOARD MEETING
AS A
NEW INDEPENDENT DIRECTOR IN REPLACEMENT OF CÉCILE FROT-COUTAZ
WHO RESIGNED AS OF SEPTEMBER 1ST, 2021

Source text for Eikon:  ID:nGNX1f7kFy 
Further company coverage:  TCH.PA 

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