Brief: Technicolor First Quarter 2021 Results

Vantiva SA

11/05/2021 17:49

May 11 (Reuters) - 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 

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