Technicolor: FY loss of 67 million euros
(CercleFinance.com) - Sales from Technicolor's continuing operations, at current exchange rates, reached 3.
99 billion euros in 2018, down 3% at constant exchange rates compared with the previous year.
"Revenues from continuing activities were E3,988 million, down 3% year-on-year at constant rate, with an Adjusted EBITDA of E266 million compared to E341 million in 2017. Sales in the second half of the year grew by 3% at constant rate, driven in particular by a solid 5% during the last quarter," Technicolor said.
The group made a net loss of 67 million euros at current exchange rates in 2018, significantly lower than the loss of 173 million euros in 2017.
"The Group will no longer provide specific numerical guidance for the current or future financial years. It will continue to pursue leverage reduction through improved profitability and cash generation," it added.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
99 billion euros in 2018, down 3% at constant exchange rates compared with the previous year.
"Revenues from continuing activities were E3,988 million, down 3% year-on-year at constant rate, with an Adjusted EBITDA of E266 million compared to E341 million in 2017. Sales in the second half of the year grew by 3% at constant rate, driven in particular by a solid 5% during the last quarter," Technicolor said.
The group made a net loss of 67 million euros at current exchange rates in 2018, significantly lower than the loss of 173 million euros in 2017.
"The Group will no longer provide specific numerical guidance for the current or future financial years. It will continue to pursue leverage reduction through improved profitability and cash generation," it added.
Copyright (c) 2019 CercleFinance.com. All rights reserved.