Vantiva (formerly Technicolor) reports a net loss of 285 million euros for 2023, compared with a profit of 151 million in 2022, which included a 680 million profit from 'discontinued operations', mainly from the distribution of TCS shares.

Its adjusted EBITDA fell by 11.7% to 142 million euros, i.e. a margin up one point to 6.8%, on sales down 25.3% to 2.07 billion (-23.3% at constant exchange rates), against a backdrop of reduced customer orders.

Having nevertheless achieved its annual targets, and expecting the market to begin to recover by the end of this year, Vantiva is targeting adjusted EBITDA of over 140 million euros and positive FCF for its full 2024 financial year.

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