Technicolor has reported its trading commentary for the first quarter of 2018.
The French Media services group said its Q1 performance was in line with last year at constant currency rate but affected by the dollar weakness versus the euro .
Market conditions were overall aligned with expectations. For Connected Home, margin pressures remain, but management actions were being implemented to significantly reduce the effects of future component price increases, starting in the third quarter.
DVD Services saw lower revenues compared to prior year, broadly in line with the Group’s expectations. Moving forward, Technicolor said volumes are expected to benefit materially from the Sony DAC outsourcing agreement:
Technicolor confirmed its expectations for an Adjusted EBITDA from continuing operations broadly stable at constant rate compared to 2017.