Home / Knowledge / News / Information Technology / TXT e-solutions revenue rises 15.8% in 2012
TXT e-solutions revenue rises 15.8% in 2012
18
Mar '13
The Board of Directors of TXT e-solutions, chaired by Mr Alvise Braga Illa, approved the consolidated report on operations as at 31 December 2012.

Revenues grew by 15.8%, from € 40.1 million to € 46.5 million. Net of Maple Lake acquisition, consolidated since Q4 2012, revenues grew by 12.5%. Sales of licences and maintenance totalled € 10.3 million, 22% as a percentage of revenues (€ 9.0 million in 2011).

International revenues rose from € 20.6 to € 24.4 million, up 18.4% and 53% as a percentage of total sales. The TXT Perform Division, which provides innovative Integrated Retail Planning software to large Retailers as well as to the Luxury and Fashion industries, contributed the most to this result. Net of Maple Lake acquisition, international revenues grew by 11.8%.

Both business areas made a positive contribution to the growth in group's revenues, with TXT Perform and TXT Next posting an increase of +19.2% (57% of group's revenues) and +11.5% (43% of group's revenues), respectively.

Gross Margin, net of direct costs, rose by 17.1% and grew to 51.9% as a percentage of revenues, compared to 51.4% in 2011, thanks to higher margins from the TXT Perform Division.

EBITDA rose by 21.0% to € 5.3 million, 11.4% as a percentage of revenues. All research and development costs were expensed in 2012 (in 2011, costs of € 1.3 million were capitalised).

Operating profit (EBIT) has provided a reason for satisfaction: it has surged by € 3.3 million to € 4.2 million (€ 0.9 million in 2011). As a percentage of revenues grew from 2.2% to 9.1%.

Net Income from operations amounted to € 4.2 million (9.0% of revenues), compared to € 0.4 million in 2011.

Net Income, after gains of € 0.9 million arising from the Earn-out on the sale of Polymedia, occurred in 2011, amounted to € 5.1 million. In 2011 Net Income was € 14.2 million, including an extraordinary gain for the sale of Polymedia of € 13.8 million.

After the payment for the acquisition of Maple Lake, Net Available Financial Resources was € 6.0 million (€ 12.5 million as at 31 December 2011). Consistent with the accounting principle IFRS 3, after the provision of the maximum earn-outs payable, subject to the achievement of set growth and profitability goals through the integrations between Maple Lake and TXT in 2013 and 2014 (€ 2.8 million), the Net Financial Position was positive to the tune of € 3.2 million as at 31.12.2012.

Shareholders’ Equity as at 31 December 2012 amounted to € 26.2 million, compared to € 20.3 million at 31 December 2011, mainly due to Net Income.

On 28.9.2012 TXT e-Solutions closed the definitive agreement to acquire 100% of Maple Lake, a specialist in Fashion Retail Planning. Through this acquisition TXT obtains a direct presence in North America, where it already has several important customers, and Australia. It also strengthens itself in Europe, thus becoming the leading global supplier of innovative Integrated Retail Planning solutions for the Fashion, Luxury and Retail markets.


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X