(News Bulletin 247) – Technicolor Creative Studios (TCS) announces first-quarter 2023 revenue of €168 million, down 15% (-14% at constant exchange rates) compared to the same period last year, as anticipated by the company.
“We continued to deliver high-quality projects to our customers while accelerating the deployment of our Re*Imagined program, which aims to resolve the operational difficulties that we encountered at the end of 2022”, comments its CEO Caroline Parot.
“As anticipated, our revenues do not yet reflect the benefits of this program, which should materialize gradually over the coming semesters,” she continues, also highlighting the strengthening of cash.
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