Technicolor Creative Studios: big disappointment

Warning. Major stock market crash for Technicolor Creative Studios which has just issued a heavy warning on its results. Ebitda 2022 is now estimated at 45-65 Million Euros instead of 120-130 ME in the initial budget. For 2023, while the company was counting on 140-160 ME of EBITDA, we will be stable or up slightly compared to 2022… It is not demand that is in question because it remains solid. On the other hand, TCS is experiencing major problems in retaining its employees with a large number of departures from its ranks.