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Technicolor lowers FY guidance, starts 'strategic' talks around patent licensing ops

Tuesday 19 December 2017 | 11:06 CET | News
Technicolor has lowered its full year guidance, saying it now sees adjusted EBITDA at EUR 370 million, including a negative forex impact of EUR 5-10 million, down from its previous estimate of 420-480 million. Free cash flow is now forecast at EUR 75 million before cash settlements in the Cathode Ray Tube (CRT) cartel case. For the Technology segment alone, the company now expects adjusted EBITDA at EUR 70 million, with EUR 75 million coming from patent licensing, down from its previous guidance of 115 million. Free cash flow for the segment will amount to EUR 25 million, instead of EUR 100

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Categories: Broadcast & Satellite
Companies: Technicolor
Countries: World
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