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Technicolor SA (TCH.PA)

TCH.PA on Paris Stock Exchange

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18 Aug 2017
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Wed, Jul 26 2017

Technicolor blames rising chip prices as loss widens

July 26 French media and entertainment group Technicolor reported a net loss of 106 million euros ($124 mln) in the first half of 2017, double its loss a year earlier, blaming rising memory chip prices.

BRIEF-Technicolor announces H1 2017 revenues at eur 2.15 billion euros

* NET INCOME WAS A LOSS OF EUR 106 MILLION IN FIRST HALF OF 2017 COMPARED TO A LOSS OF 54 MILLION IN FIRST HALF OF 2017

UPDATE 1-Technicolor cuts profit guidance on rising memory chip prices

June 29 French media and entertainment group Technicolor cut its full-year core earnings forecast on Thursday as rising memory chip costs hit its Connected Home business, the company's third profit warning this year.

BRIEF-Technicolor Q1 revenues down year-over-year

* Sees adjusted EBITDA in range of 460 million euros ($501.58 million) to 520 million euros

BRIEF-Technicolor FY result swings to net loss of 26 million euros

* FY group revenues 4.89 billion euros ($5.16 billion) versus 3.65 billion euros a year ago

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