Technicolor says its Connected Home and Entertainment Services businesses continue to drive the Group’s growth.
Third quarter revenues were up 30% as the company benefitted from recent acquisitions.
Connected Home revenues more than doubled at €606 million out of total group revenues of €1,135 million.
Frederic Rose, Chief Executive Officer of Technicolor, said:“Our third quarter revenues have been solid as we continued to perform well and win major new awards across all our activities. We confirm our objectives for 2016 and remain strongly focused on operational execution.”
However, the company warned a strong focus on execution was required in a market challenged by component shortages and international shipping disruptions.
