Brief: Technicolor H1 Adjusted EBITDA Up EUR 100 Mln, Confirms 2021 And 2022 Guidance

Vantiva SA

29/07/2021 17:26

July 29 (Reuters) - TECHNICOLOR SA  TCH.PA :
    * FIRST HALF 2021 RESULTS
    * STRONG RECOVERY FROM PANDEMIC SLOWDOWN
    * IMPROVING DELIVERY CAPACITY TO BOOST SECOND HALF AND 2022
PERFORMANCE
    * ON TRACK TO MEET ITS 2021 AND 2022 GUIDANCE
    * H1 REVENUES OF EUR 1,359 MILLION, A (5.2)% DECREASE
YEAR-ON-YEAR
AT CURRENT EXCHANGE RATE BUT A +1.2% INCREASE AT CONSTANT
EXCHANGE RATE
    * H1 ADJUSTED EBITDA OF EUR 100 MILLION, DOUBLED AT CONSTANT
RATE
REFLECTING OPERATIONAL AND FINANCIAL IMPROVEMENTS ACROSS ALL
ACTIVITIES
    * GROUP IS CONFIDENT OF ACHIEVING OUTLOOK PRESENTED IN ITS
FY 2020
RESULTS PRESS RELEASE ISSUED ON MARCH 11, 2021
    * IS ON TRACK TO ACHIEVE C. EUR 115 MILLION COST SAVINGS
PLANNED
FOR CALENDAR YEAR 2021, WITH EUR 42MILLION COST SAVINGS REALIZED
IN FIRST HALF, EN ROUTE TO DELIVERING A CUMULATIVE EUR 325
MILLION BY END OF 2022

Source text for Eikon:  ID:nGNX6JsMNt 
Further company coverage:  TCH.PA 

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