Technicolor Reports Q4

Full-year revenues down 1.2% year-on-year at video equipment firm

March 1, 2011

1 Min Read

Full year and Q4 Results28 February 2011PARIS -- Technicolor Full year and Q4 Results

Strong revenue growth in Q4 2010 and increase in Adjusted EBITDA margin in H2 2010

2011 is expected to show a stabilization in the Group’s performance as it accelerates efforts to fuel sustainable growth in its digital businesses

  • Q4 2010 revenues of €1,155 million, up 21.4% vs. Q4 2009, with improved trends across all activities

  • H2 2010 revenues of €2,075 million, up 16.9% vs. H2 2009

  • H2 2010 Adjusted EBITDA of €363 million, or 17.5% of revenues, an increase of 1.2 points vs. H2 2009

  • H2 2010 Group Free Cash Flow of €16 million after funding of growth-related capex and working capital

  • FY 2010 revenues of €3,574 million, down 1.2% vs. FY 2009

  • FY 2010 Adjusted EBITDA of €505 million, or 14.1% of revenues, up 0.3 point vs. 2009

  • FY 2010 net result of €(69) million, including items related to the completion of the debt restructuring and of the disposal program, as well as impairments

  • Net debt as per consolidated financial statements of €993 million at 31 December 2010, down €283 million vs. 30 June 2010

  • The Group’s objective is to achieve in 2011 slight revenue growth overall at constant rates.

  • Our focus in 2011 is to favor organic growth and innovation to ensure a solid foundation is laid for the coming years. Notwithstanding this focus, the Group’s objective is to be able to generate an Adjusted EBITDA in 2011 comparable or slightly up compared with the level achieved in 2010.

    Technicolor (Euronext Paris: TCH; NYSE: TCH)

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