Brief: Technicolor FY Net Loss Narrows To 67 Million Euros

Vantiva SA

27/02/2019 17:15

Feb 27 (Reuters) - TECHNICOLOR SA  TCH.PA :
    * TECHNICOLOR: FULL YEAR 2018 RESULTS
    * FY REVENUES FROM CONTINUING ACTIVITIES WERE EUR 3,988
MILLION,
DOWN 3% YEAR-ON-YEAR
    * FY CONNECTED HOME REVENUES TOTALED EUR 2,218 MILLION IN
2018,
DOWN 5% YEAR-ON-YEAR
    * FY ADJUSTED EBITDA FROM CONTINUING OPERATIONS EUR 266
MILLION
VERSUS EUR 291 MILLION YEAR AGO
    * BOARD OF DIRECTORS OF TECHNICOLOR WILL NOT PROPOSE A
DIVIDEND
    * THE GROUP WILL NO LONGER PROVIDE SPECIFIC NUMERICAL
GUIDANCE FOR
THE CURRENT OR FUTURE FINANCIAL YEARS
    * WILL CONTINUE TO PURSUE LEVERAGE REDUCTION THROUGH
IMPROVED
PROFITABILITY AND CASH GENERATION
    * FULL YEAR FREE CASH FLOW FROM CONTINUING OPERATIONS
(EXCLUDING
“R&I”) WAS €(43) MILLION
    * BOARD OF DIRECTORS OF TECHNICOLOR APPOINTED TODAY MINDY
MOUNT AS
VICE CHAIRMAN OF BOARD
    * FY NET LOSS EUR 67 MILLION VERSUS LOSS OF EUR 173 MILLION
YEAR
AGO

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

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