Technicolor posts 47% EBITDA drop in Q3, to cut almost 30% of workforce

Friday 6 November 2020 | 11:05 CET | News
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Technicolor generated revenues from continuing operations of EUR 798 million in the three months to September, down 15.6 percent year-on-year at constant currency (-19.3% in H1). The company highlighted an improved performance at its main revenue-generating business, Connected Home, entirely driven by the North American region. This division benefited from its focus on gateway broadband access, said the company, as revenues rose to EUR 488 million in the quarter (+10.6% at constant currency).

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Categories: Fixed
Companies: Technicolor
Countries: World
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