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Technicolor SA (TCH.PA)

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Latest Key Developments (Source: Significant Developments)

Technicolor Appoints Laurent Carozzi As CFO
Monday, 5 Mar 2018 12:00pm EST 

March 5 (Reuters) - Technicolor SA ::TECHNICOLOR APPOINTS LAURENT CAROZZI AS CHIEF FINANCIAL OFFICER.TECHNICOLOR SA - LAURENT CAROZZI IS JOINING TECHNICOLOR FROM PUBLICIS WHERE HE WAS DEPUTY OF GROUP CFO.TECHNICOLOR SA - CAROZZI WILL BECOME MEMBER OF EXECUTIVE COMMITTEE FROM MARCH 12 2018.  Full Article

Technicolor Appoints Laurent Carozzi As Chief Financial Officer
Monday, 5 Mar 2018 12:00pm EST 

March 5 (Reuters) - TECHNICOLOR SA ::REG-TECHNICOLOR: TECHNICOLOR APPOINTS LAURENT CAROZZI AS CHIEF FINANCIAL OFFICER.CAROZZI IS JOINING TECHNICOLOR FROM PUBLICIS.‍CAROZZI WILL BECOME MEMBER OF EXECUTIVE COMMITTEE FROM MARCH 12 TH 2018​.  Full Article

InterDigital Makes Binding Offer To Buy Technicolor’s Patent Licensing Business
Thursday, 1 Mar 2018 01:00pm EST 

March 1 (Reuters) - InterDigital Inc ::INTERDIGITAL MAKES BINDING OFFER TO ACQUIRE TECHNICOLOR’S PATENT LICENSING BUSINESS, WILL COLLABORATE WITH TECHNICOLOR ON VIDEO RESEARCH.INTERDIGITAL INC - ‍MADE A BINDING OFFER TO PURCHASE PATENT LICENSING BUSINESS OF TECHNICOLOR FOR $150 MILLION IN CASH PLUS FUTURE CONTINGENT CONSIDERATION​.INTERDIGITAL INC - ALSO EXPECTS NET IMPACT OF TRANSACTION ON ITS CORE OPERATING EXPENSES TO BE MODEST​.INTERDIGITAL- TECHNICOLOR TO RECEIVE 42.5% OF ALL FUTURE CASH RECEIPTS FROM CO'S NEW LICENSING EFFORTS IN CONSUMER ELECTRONICS FIELD.INTERDIGITAL - UNDER DEAL, THERE IS NO REVENUE SHARING ASSOCIATED WITH CO'S MOBILE INDUSTRY LICENSING EFFORTS.INTERDIGITAL INC - ‍AS PART OF DEAL, CO WOULD ALSO GRANT BACK TO TECHNICOLOR A PERPETUAL LICENSE FOR PATENTS ACQUIRED IN TRANSACTION​.INTERDIGITAL INC - ‍WILL BUY TECHNICOLOR'S PORTFOLIO OF MORE THAN 21,000 PATENTS, APPLICATIONS, INCLUDING OVER 2,500 WORLDWIDE VIDEO CODING PATENTS.  Full Article

Technicolor FY Net Loss Widens To 173‍​ Million Euros
Wednesday, 21 Feb 2018 11:45am EST 

Feb 21 (Reuters) - TECHNICOLOR SA ::FY GROUP REVENUES FROM CONTINUING OPERATIONS EUR ‍​4.23 BILLION VERSUS EUR 4.63 BILLION YEAR AGO.IN 2018 REVENUE GROWTH MILDLY IMPACTED BY SLIGHTLY FEWER PROJECTS IN ANIMATION & GAMES..FOR 2018 DVD SERVICES - REVENUES AND VOLUMES EXPECTED TO BE AROUND 2017 LEVELS.FY NET LOSS EUR 173‍​ MILLION VERSUS LOSS OF EUR 26 MILLION YEAR AGO.IN 2018 SEES PRODUCTION SERVICES REVENUES - MID-SINGLE DIGIT REVENUE GROWTH DRIVEN BY:VERY STRONG ORDER BACKLOG IN FILM AND TV VFX.FY ADJUSTED EBITDA FROM CONTINUING OPERATIONS EUR ‍​291 MILLION VERSUS EUR 359 MILLION YEAR AGO.ADVERTISING VFX EXPECTED TO IMPROVE IN 2018 COMPARED TO 2017.IN 2018 POST-PRODUCTION ANTICIPATED TO CONTINUE TO BENEFIT FROM SIGNIFICANT INCREASE IN STREAMING ORIGINAL CONTENT.IMPROVEMENT OF US BOX OFFICE AT END 2017 WHICH IS EXPECTED TO POSITIVELY IMPACT NEW RELEASE ACTIVITY IN H1 2018.OUTSOURCING AGREEMENT FROM SONY DADC TO TECHNICOLOR IN NORTH AMERICA AND AUSTRALIA TO START IN Q2 OF 2018.FOR 2018: ENTERTAINMENT SERVICES ADJUSTED EBITDA EXPECTED TO REMAIN FLAT YEAR-ON-YEAR.CUSTOMER PORTFOLIO REVIEW CONDUCTED IN LAST QUARTER OF 2017 EXPECTED TO LEAD TO A REVENUE DECREASE OF AROUND EUR 250 MILLION.CUSTOMER PORTFOLIO REVIEW TO CORRESPOND TO A DECLINE OF AROUND 10% YEAR-ON-YEAR..ADJUSTED EBITDA EXPECTED TO BE FLAT YEAR-ON-YEAR.WILL NOT PROPOSE A DIVIDEND TO THE 2018 ANNUAL GENERAL MEETING OF SHAREHOLDERS‍​.  Full Article

Technicolor Establishes Mill Film In South Australia​‍​
Tuesday, 6 Feb 2018 01:30am EST 

Feb 6 (Reuters) - TECHNICOLOR SA :‍​:‍TECHNICOLOR: TECHNICOLOR ESTABLISHES MILL FILM, A NEW VFX COMPANY IN SOUTH AUSTRALIA​.  Full Article

Technicolor ‍maintains objectives for FY​
Wednesday, 25 Oct 2017 11:45am EDT 

Oct 25 (Reuters) - TECHNICOLOR SA ::‍MAINTAINS ITS ADJUSTED EBITDA AND FREE CASH FLOW OBJECTIVES FOR FY​.  Full Article

Technicolor announces H1 2017 revenues at eur 2.15 billion euros
Wednesday, 26 Jul 2017 12:15pm EDT 

July 26 (Reuters) - TECHNICOLOR SA ::FIRST HALF 2017 REVENUES WERE AT EUR 2,146 MILLION.H1 ADJUSTED EBITDA AT EUR 107 MILLION.FULL YEAR 2017 OBJECTIVES CONFIRMED.GROUP CONFIRMS ITS FREE CASH FLOW OBJECTIVE.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.CASH POSITION AMOUNTED TO EUR 183 MILLION AT END JUNE 2017, DOWN BY EUR 188 MILLION COMPARED TO END DECEMBER 2016.NET DEBT AT NOMINAL VALUE AMOUNTED TO EUR 916 MILLION AT END JUNE 2017, COMPARED TO EUR 712 MILLION AT END DECEMBER 2016.H1 GROUP FREE CASH FLOW IS LOSS EUR 148 MILLION VERSUS POSITIVE EUR 98 MILLION YEAR AGO.  Full Article

Technicolor cuts FY adj EBITDA target by EUR 40 mln
Thursday, 29 Jun 2017 11:45am EDT 

June 29 (Reuters) - TECHNICOLOR SA :‍EXPECTS PROFITABILITY OF CONNECTED HOME SEGMENT TO BE AFFECTED BY MEMORY COSTS INCREASES​.‍NOW ANTICIPATES THIS WILL REPRESENT ADDITIONAL NEGATIVE IMPACT AT ADJUSTED EBITDA LEVEL OF AROUND EUR 40 MILLION COMPARED TO ITS PREVIOUS EXPECTATIONS​.‍DRAM PRICING INCREASED BY AN ADDITIONAL 15% AT END OF Q2 COMPARED TO Q1​.‍FURTHER DRAM PRICING INCREASES ARE EXPECTED FOR REST OF 2017​.‍DOUBLE DIGIT INCREASES IN FLASH MEMORIES PRICING ARE EXPECTED FOR REST OF 2017​.TECHNICOLOR NOW EXPECTS A NET NEGATIVE IMPACT ON ADJUSTED EBITDA OF CONNECTED HOME OF C. EUR 30 MILLION IN H1OF 2017 COMPARED TO LAST YEAR.‍FOR H2 2017, IMPACT, IN EVENT THERE IS NO SUCCESS IN ONGOING MITIGATION ACTIONS, EXPECTED TO BE AROUND EUR 50 MILLION COMPARED TO LAST YEAR.​.GROUP MAINTAINS ITS FREE CASH FLOW OBJECTIVE.CONNECTED HOME REVENUES ARE EXPECTED TO DECLINE BY AROUND 10% IN FIRST HALF OF 2017 DUE TO UNFAVORABLE COMPARISON TO FIRST HALF OF 2016.‍REVISING ITS FY2017 ADJUSTED EBITDA OBJECTIVE, WHICH NOW EXPECTED IN RANGE OF EUR 420 MILLION TO EUR 480 MILLION (VERSUS EUR 460 MILLION - EUR 520 MILLION)​.  Full Article

Technicolor Q1 revenues down year-over-year
Thursday, 27 Apr 2017 01:30am EDT 

April 27 (Reuters) - Technicolor SA : :Sees adjusted EBITDA in range of 460 million euros ($501.58 million) to 520 million euros.Sees 2017 free cash flow in excess of 150 million euros before cash impacts of Cathode Ray Tube ("CRT") cartel case settlements (c. (81) million euros).Says will pursue its deleveraging with aim to reach a net debt to adjusted EBITDA ratio of 0.8x following which it will increase return paid to shareholders.During Q1, revenues were down year-over-year, as expected, due to an unfavorable comparison basis in connected home and technology segments.  Full Article

Technicolor FY result swings to net loss of 26 million euros
Wednesday, 22 Feb 2017 12:44pm EST 

Technicolor SA : FY group revenues 4.89 billion euros ($5.16 billion) versus 3.65 billion euros a year ago . FY adjusted EBITDA 565 million euros versus 565 million euros a year ago . FY net loss of 26 million euros versus profit of 78 million euros a year ago . To propose the payment of a cash dividend of 0.06 euros per share . 2017 objectives: adjusted EBITDA in the range of €460 million to 520 million euros .2017 objectives: free cash flow in excess of 150 million euros before cash impacts of the cathode ray tube cartel case settlements.  Full Article

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