Technicolor's first-half results take Covid-19 hit, as cost savings plan continues

Monday 3 August 2020 | 10:37 CET | News
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Technicolor has reported first-half revenues from continuing operations of EUR 1.43 billion, down 19.3 percent year-on-year at constant currency. The company said that the Covid-19 crisis was responsible for lower demand in Connected Home products linked to a slowdown in Eurasia, falling volumes in DVD Services, and reduced activity in Film & Episodic Visual Effects. These negative effects were only partially mitigated by a strong performance in Broadband, driven by North America, as well as by Animation, which reported double-digit revenue growth.

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