January 12, 2017 / 5:40 PM / 7 months ago

BRIEF-Technicolor achieved 2016 adjusted EBITDA growth of about 30 pct compared to 2015

Jan 12 (Reuters) - Technicolor SA :

* Group will achieve an adjusted EBITDA of approximately 565 million euros ($602.12 million) in 2016

* Has therefore achieved 2016 adjusted EBITDA growth of approximately 30 pct compared to 2015 on a pro forma basis, excluding MPEG LA contribution

* Technicolor will generate a free cash flow above 240 million euros in 2016, in line with its objective

* At end December 2016, Technicolor had a net debt of approximately 705 million euros, cash balance of approximately 370 million euros Source text for Eikon: Further company coverage: ($1 = 0.9384 euros) (Gdynia Newsroom)

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