December 18, 2017 / 5:20 PM / a year ago

BRIEF-Technicolor Negotiates Strategic Transaction Concerning Its Patent Licensing Business

Dec 18 (Reuters) - TECHNICOLOR SA:

* REG-TECHNICOLOR: TECHNICOLOR NEGOTIATING STRATEGIC TRANSACTION CONCERNING ITS PATENT LICENSING BUSINESS

* ‍THERE IS NO ASSURANCE THAT TRANSACTION WILL TAKE PLACE, CO IS CONFIDENT IT WILL REACH AN AGREEMENT​

* ‍TECHNICOLOR SUSPENDED ITS COMMERCIAL PATENT LICENSING DISCUSSIONS​

* REACHED SETTLEMENT AGREEMENT WITH SAMSUNG ELECTRONICS REGARDING ONGOING LITIGATIONS IN GERMANY AND FRANCE​

* ‍PERFORMANCE OF OPERATING BUSINESSES IS IN LINE WITH GROUP’S EXPECTATIONS​

* ‍TECHNICOLOR ANTICIPATES GENERATING FY ADJUSTED EBITDA AROUND EUR 370 MILLION​

* ‍FY GUIDANCE TECHNOLOGY SEGMENT CONSEQUENTLY EXPECTED TO GENERATE AROUND EUR 70 MILLION OF ADJUSTED EBITDA​

* ‍SEES FY FREE CASH FLOW OF C. EUR 75 MILLION BEFORE CASH SETTLEMENTS IN CATHODE RAY TUBE CARTEL CASE​

* ‍FY GUIDANCE TECHNOLOGY SEGMENT CONSEQUENTLY EXPECTED TO GENERATE AROUND EUR 25 MILLION OF FREE CASH FLOW Source text for Eikon: Further company coverage: (Gdynia Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below