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Technicolor turnover falls on lower STB sales

Friday 24 February 2012 | 10:38 CET | News
French-headquartered STB, cinema technology, DVD replication services and technology group Technicolor reported group revenues from continuing operations down 3.5 percent to EUR 3.45 billion in 2011. Its connected home business saw a significant fall in revenues in the fourth quarter of 2011, compared to the year-earlier period. The weaker shipments are blamed on a continued slowdown in European customer demand and a less favourable geographic and product mix than last year. Satellite STB sales grew significantly in the fourth quarter thanks to strong demand in Latin America, particularly

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Categories: Broadcast & Satellite / Internet
Companies: Sharp / Technicolor
Countries: World
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