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Technicolor Announces 2009 Results

Technicolor SA announced financial results for its full year 2009.

According to the statement, Technicolor’s revenues dropped 14.5% to €3.53 billion (US $4.8 billion) in 2009 with a full-year net loss of €342 million (US $465 million).

On the replication front, Technicolor reported that in its fourth quarter 2009, "DVD activities remained negatively impacted by overall weakness in studio new release and catalog volumes. This resulted in strong reduction in volume within DVD Services, in-line with general DVD market trends. Despite lower second half 2009 revenues attributable to such volume weakness, margins and cash generation in DVD activities continued to improve as a result of substantial and ongoing cost reduction actions, efficiency gains and improved product mix year-on-year with strong growth in Blu-ray, continued reductions in kiosk-related volumes and lower capex in replication activities."

In terms of raw numbers, the company manufactured 531 million DVDs in the second half of 2009 (down 20% from the same period in 2008) as well as 36 million Blu-ray discs (up 38% over 2H 2008).

Disc Replication Services

millions of units 4Q 2008 4Q 2009 2H 2008 2H 2009
DVD 357 288 663 531
Blu-ray Disc (BD) 16 21 26 36
Games and Kiosk 55 31 104 55
Total 428 340 793 622

Technicolor trades on the NYSE under the symbol TCH.

Currency conversion as of February 18, 2010.

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