Kodak publishes 2013-17 forecast
Kodak has published its financial projections for the next five years in a presentation for creditors as part of its Chapter 11 bankruptcy proceedings.
25 Jan 2013 | 1108 Views | By Samir Lukka
The presentation is based on Kodak's preliminary, unaudited 2012 results and as such any changes in those results, which are not included in the document, could affect Kodak's 2013-17 projections.
For the year ending 31 December 2013, Kodak is projecting an EBITDA of $167m on net sales of $2.5bn, rising to an EBITDA of $494m on net sales of $3.2bn by 2017.
Kodak's projected sales for 2014 through 2016 are $2.6bn, $2.7bn and $2.9bn, while its projected EBITDA for the same years has been as $209m, $287m and $360m.
The financial projections reflect the company's Commercial Imaging business, including graphics, entertainment and commercial film (GECF), digital printing and enterprise (DP&E), and intellectual property and brand licensing/corporate (Other).
For a full copy of the presentation, click here.
In its last annual accounts prior to its Chapter 11 filing, for the year ended 31 December 2011, Kodak recorded net sales of $5.1bn on which it made a loss from continuing operations before interest expense, other income (charges), net and income taxes of $600m.