(AOF) – Formerly known as Technicolor, the company Vantiva published its 2023 annual results showing a net loss of 283 million euros compared to a loss of 529 million euros a year earlier. Its adjusted Ebitda in 2023 amounts to 57 million euros compared to 55 million euros in 2022. Turnover fell by 25.3% over the period, coming to 2.07 billion euros. Free cash flow, before financial expenses and taxes, was positive by 13 million euros, down 75 million euros compared to 2022.
At the end of the financial year, Vantiva held cash of 133 million euros and an undrawn credit line of 76 million euros.
Total net debt (excluding asset rental) amounts to 366 million euros (in nominal terms).
For the 2024 fiscal year, the group is notably targeting an adjusted EBITDA of more than 140 million euros.
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Sector sheet – Electronics
Large TVs booming
If specialists expected less appetite for large televisions after the health crisis, this is clearly not the case. The IFA highlighted the development of this equipment, with screens that can reach up to 120 inches. This market segment should see its activity driven by next summer’s Olympic Games. Leader for seventeen years in the television market, Samsung offers the most complete technological range. Large televisions are rather standard products for the Korean giant. As for the Chinese TCL, which took second place in the world market from LG, it is banking on the accessibility of its products, with prices significantly lower than those charged by Samsung. The group achieved growth of nearly 68% between the first half of 2021 and 2022 in the segment over 65 inches. Over one year, the average size of screens marketed by TCL increased from 46.3 to 49.9 inches. Another Chinese player, Hisense, is also seeking to gain market share in this niche.