Technicolor has suspended its financial guidance issued for 2020-2022.
In a statement, the manufacturer said restrictions imposed to prevent the spread of the virus were limiting its operations in a number of markets including France, United Kingdom, India, Canada and the United States.
While Technicolor has implemented work from home arrangements and the resumption of supply chains in China that support its Connected Home division, there remained significant uncertainty around the duration and magnitude of the disruption caused by this pandemic.
Separately, Technicolor has started work on the expected second stage of its transformation programmes, accelerating cost reductions and efficiency measures.
The company plans to provide updated 2020-2022 guidance once there is more clarity around the impact of the pandemic.
