Technicolor (TCLRY.PK, THNRF.PK) reported that its first-quarter of 2013 Group revenues from continuing operations amounted to 775 million euros, up 2.1% at constant scope and current currency and up 2.2% at constant scope and currency compared to the first quarter of 2012 revenue.
The company confirmed 2013 growth of adjusted. EBITDA of between 5% to 10% compared to fiscal 2012 adjusted EBITDA at constant scope of 498 million euros.
Licensing revenues for the quarter amounted to 125 million euros, up 3.6% at current currency compared to the first quarter of 2012. At constant currency, Licensing revenues were down 1.3% year-on-year, as softer revenues generated by the MPEG LA pool were mostly offset by a sustained performance of the other patent licensing programs.
Entertainment Services revenues for the quarter amounted to 376 million euros, down 4.9% at current currency and down 5.4% at constant currency compared with the first quarter of 2012.
Combined Standard DVD and Blu-ray volumes for the latest-quarter increased by 9%, driven by stable SD-DVD volume in combination with strong Blu-ray growth of almost 100% over the first quarter of 2012.
Quarterly connected Home revenues totaled 274 million euros, up 13% at current currency and up 16.3% at constant currency compared to the first quarter of 2012.
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