Vantiva: net loss in 2023

(CercleFinance.com) - Vantiva (formerly Technicolor) reports a net loss of E285m for 2023, compared with a profit of E151m in 2022, which included a E680m profit from 'discontinued operations', mainly from the distribution of TCS shares.


Adjusted EBITDA fell by 11.7% to E142m, i.e. a margin up one point to 6.8%, on sales that fell 25.3% to E2.07bn (-23.3% at constant exchange rates), against a backdrop of reduced customer orders.

Having nevertheless achieved its annual targets, and expecting the market to begin to recover by the end of this year, Vantiva is targeting adjusted EBITDA of over E140m and positive FCF for FY 2024.


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