Patent portfolio - Technicolor
Patent portfolio - Technicolor
Patent portfolio - Technicolor
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H1 2011 Adjusted EBITDAby Division<br />
Technology – H1 2011<br />
Adjusted EBITDA margin further raised by 7.9<br />
points to 74.6% of sales, driven by:<br />
23<br />
(€ million)<br />
Technology<br />
% Sales<br />
Entertainment Services<br />
% Sales<br />
Digital Delivery<br />
% Sales<br />
Strong growth in Licensing revenues<br />
Positive impact of ongoing<br />
optimization in patent prosecution,<br />
filing and annuities costs<br />
Entertainment Services – H1 2011<br />
Adjusted EBITDA margin up 0.8 points to 9.7%<br />
of sales, reflecting:<br />
Stable DVD Services margin<br />
H1 2010 H1 2011 Change<br />
126<br />
66.7%<br />
60<br />
8.9%<br />
10<br />
1.6%<br />
Increased revenues in Creations Services<br />
163<br />
74.6%<br />
74<br />
9.7%<br />
(25)<br />
(4.3)%<br />
Improved mix in Theatrical Services driven<br />
by Digital Cinema Distribution activities<br />
Positive impact of ongoing cost saving and<br />
optimization processes across all activities<br />
+37<br />
+7.9pts<br />
+14<br />
+0.8pts<br />
(35)<br />
-5.9pts<br />
Other (54) (45) +9<br />
Total from continuing operations<br />
% Sales<br />
142<br />
9.5%<br />
167<br />
10.7%<br />
+25<br />
+1.2pts<br />
Digital Delivery – H1 2011<br />
Significant decrease in Adjusted EBITDA<br />
margin, due to:<br />
Significantly degraded environment in<br />
Europe<br />
A less favorable overall mix<br />
Capacity/production challenges at the<br />
Manaus facility (Brazil)
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