EXHIBIT 12.2



Press Release April 16, 2003



First quarter 2003 revenues at 1.9 billions euros



| |  |  | 12% revenue decrease at constant rate
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| |  |  | Thomson repositioning shows strength in Content  and Licensing businesses
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Key highlights:



| |  | As expected, overall Group revenues decreased (12)% before foreign exchange impact of (281) M, with strong sales in content-related business and in Europe
being offset by weaker finished consumer goods and component sales in the US.
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| |  | Two-digit growth for the two divisions Content & Network and Licensing that contribute the most to the Groups profit. These
divisions represented 48.6% of the Groups first quarter revenues (versus 38.8% in Q1 2002).
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| |  | New products, new contracts and new sales initiatives will drive sales going forward, starting with a better Q2 across all divisionsQ2 2003 revenues are
expected around flat year-on-year at constant currency.
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| |  | An improving second quarter sales trend expected, although still implying an H1 outlook lower than previously targeted. The Groups full-year objectives,
notably for operating margin and cash flow, are reconfirmed today.
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First quarter 2003 unaudited Group consolidated net sales:



For the first quarter 2003, Thomson consolidated net sales reached 1,905 M against 2,484 M in the first quarter 2002. Excluding the
significant impact of currency changes of (281)M, or (11.3)%, first quarter consolidated net sales show a decrease of (12)%.



First quarter sales include revenues from newly integrated companies, PDSC, Still in Motion, Duplitek, Vidfilm, Victoria Film, Pacific Media Affiliates,
Grass Valley Group, Grundig set-top box business and Canal+ Technologies, which together contributed approximately 150 M to net sales during the quarter.



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Summary
first quarter unaudited consolidated net sales



|                   |  | 1Q03             |  | 1Q02  |  | Foreign exchange impact |   |  | Variation at constant currency |  
|------------------ |  | ---------------- |  | ----- |  | ----------------------- | - |  | ------------------------------ | -
|                   |  | In millions of  | 
|Content & Networks |  | 846              |  | 887   |  | (132                    | ) |  | +10.3                          | %
|Licensing          |  | 79               |  | 76    |  | (8                      | ) |  | +13.5                          | %
|Consumer Products  |  | 718              |  | 1 032 |  | (107                    | ) |  | -20.0                          | %
|Component          |  | 261              |  | 488   |  | (33                     | ) |  | -39.7                          | %
|Total Thomson      |  | 1 905            |  | 2 484 |  | (281                    | ) |  | -12                            | %



The Groups
consolidated net sales for the first quarter are reported according to the new segment reporting structure introduced by the Group for 2003 in order to better reflect the Groups business and customer profile. A reconciliation table to the
previous segment reporting structure is available on the Groups website



First quarter highlights and outlook by division



Content & Network:



Net sales grew 10.3% at constant currency, (-4.6% including currency effects).



| |  |  | Content-related activities (Replicationfilm, DVD, VHS, distribution and post-production) delivered 8.1% organic growth in the first quarter. Growth in
DVD replication, distribution and service revenues and post-production revenues offset declining VHS volumes. Q2 will benefit from new studio contract wins such as Universal for film and Dreamworks for post-production.
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| |  |  | Sales of broadcast equipment fell sharply year-on-year. Broadcasters increased tender requests during the quarter but showed reluctance to translate these requests
into firm orders ahead of the NAB show in April. Thomson showcased a number of new products and systems initiatives at the NAB and signed significant new contracts at and following the show.
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| |  |  | Sales of Broadband equipment and services fell 18.3% at constant currency, or -27.0% including currency effects. Sales of decoders for the Echostar platform in the
US and for BskyB and Digital Terrestrial services in the UK grew strongly, but did not offset declines in Continental Europe and a year-on-year decline in sales of Thomson-supplied DirecTV systems at retail in North America. Towards the end of the
quarter, the Group launched the advanced Pilotime set-top box for Canal+ and expanded with promising trials for video over DSL.
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During the quarter, Thomson pursued its capacity and technology investments within the Content & Networks Division:



| |  |  | Capacity expansion in DVD replication, with additional capacity in Mexico and Poland, as well as significant investments in related distribution and service
facilities
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| |  |  | Extended post-production offering, with a new post-production site in New York to be opened in Q2 and the acquisition of PMA to reinforce the US-based audio
post-production capabilities.
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| |  |  | Development of a network software business with the closing of the C+ Technologies acquisition in February.
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These initiatives will support the continued growth of the Content & Networks Division in 2003.



Licensing:



Licensing showed solid growth. Revenues increased 13.5% at constant rate, or
3.5% including currency effects in the first quarter, slightly ahead of expectations. Trends remained similar to those experienced in Q4 2002, with revenues from new digital programs more than offsetting weaker traditional consumer electronics
programs.



Consumer Products:



Consumer Products sales declined 20.0% at constant rates, or 30.4% including
currency effects. This decrease reflects a contrasted performance between Europe and the US.



| |  |  | Revenues in the US were impacted as expected by low consumer confidence, significant retailer de-stocking and the significant growth of imports from Asia, notably
China, into the US market. Across the market as a whole, weaker volumes drove significant pricing pressure. As in previous quarters, Thomson did not follow fully the price falls in all categories.
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| |  |  | Revenues grew 3.4% in Europe. The Group achieved market share gains in several product segments in Europe. Thomson continued to focus on high-end products, reaching
a record 24.6% market share for projection TV (Europe 5) and to improve its regional positions, in particular in France, Germany and Italy.
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Thomson continues to drive the evolution of the business model in its Consumer Products division. In the second quarter, the Group will remain focused on
sales, introduction of new high-end products as well as cost structure adjustments:



| |  |  | TV: focus on the higher-end segment with extended retail placement of the Scenium and digital product range in the US and new product launches (micro display
Projection TVs, new plasma/LCD line, HiPix technology).
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| |  |  | Home audio video: new digital home theatre systems and new range of DVD combo products (HDD/VCR)
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| |  |  | Communications: introduction of a new 5.8 Ghz line of phones and launch of a SoHo (small office, home office) range of products under the RCA brand.
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| |  |  | Not least, the Group will accelerate its cost reduction action plans: in addition to the ongoing Spring cost reduction program, Thomson is deploying two
new programs to ensure the adjustment of its cost structure to the level of activity: Tune-up program for the reengineering of Marketing/Development and Corporate functions; and Thomson Quality System to improve processes and
systems throughout all the Groups activities. The latter has led to more than 25,000 improvement suggestions within 52 plants this quarter.
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Components:



Consolidated net sales fell 39.7% at constant currency, or 46.6% including currency effects. Total sales fell 34.0% at constant currency, or 42.1%
including currency effects. The two main drivers of the sales drop were, as expected, the absence of game module sales (which accounted for 124 M of net sales in Q1 2002) and weak demand of tubes from the North American TV manufacturers.
Revenues grew strongly in Asia (year-on-year sales growth of 30%).



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The Group has initiated action plans to address the issues in modules and US tubes:



| |  |  | In Digital Modules, Thomson expects in Q2 2003 to restart the shipping of game modules and to launch new products for slim DVD and the domestic Chinese market.
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| |  |  | In Tubes, Thomson took actions to align its manufacturing base, reducing its US production by 32% in the first quarter compared to last year (including one line in
the U.S. in lay-offs). Thomson is increasing its worldwide capacity in true-flat (TF) tubes in 29 and 32 sizes, with second TF lines in Mexicali (Mexico) and Foshan (China) being installed for second half production. The Group also made
investments in glass in its plant in Poland in order to increase its capacity in TF and VLS panels.
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| |  |  | Finally, as previously announced, Thomson is pursuing the completion of its strategic analysis and plan for Components, notably taking into account the US
competitive environment for tubes.
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Certain
statements in this press release, including any discussion of management expectations for future periods, constitute forward-looking statements within the meaning of the safe harbor of the U.S. Private Securities Litigation
Reform Act of 1995. Such forward-looking statements are based on managements current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from the future results
expressed or implied by the forward-looking statements due to changes in global economic and business conditions, consumer electronics markets, and regulatory factors. More detailed information on the potential factors that could affect the
financial results of Thomson is contained in Thomsons filings with the U.S. Securities and Exchange Commission.