Technicolor Creative Studios (TCS) has announced first-quarter 2023 sales of 168 million euros, down 15% (-14% at constant exchange rates) on the same period last year, as anticipated by the company.

"We have continued to deliver high-quality projects to our customers while accelerating the roll-out of our Re*Imagined program, which aims to resolve the operational difficulties we encountered at the end of 2022", comments its CEO Caroline Parot.

As anticipated, our revenues do not yet reflect the benefits of this program, which should materialize progressively over the next six months", she continues, also highlighting the strengthening of our cash position.

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