Technicolor Result 20/10/15

By Dhruv Dayal Gupta

Technicolor logoTechnicolor announced increased turnover of €877 million ($987.9 million) for Q3 versus €843 million ($949.6 million), indicating an increase of 4% YoY. In terms of segments, Entertainment Services was the strongest, with a 28% increase to €423 million ($476.5 million) from €330 million ($371.7 million), supporting the group turnover increase in spite of a fall in Connected Home revenues of 10% to €332 million ($374 million) from €369 million ($415 million).

Entertainment Services was in particular aided by strong Blu-ray sales. Including the divested businesses, the group turnover increased 7.5% to €876 million ($986.8 million) from €815 million ($918 million). Regionally, Asia-Pacific and Europe, Middle East & Africa remained strong with turnover increases, whereas the North and Latin Americas turned downwards.