Home / Knowledge / News / Information Technology / TXT Group H1 FY'13 sales rise 12%
TXT Group H1 FY'13 sales rise 12%
12
Jul '13
Customers in Retail, Luxury Goods and Fashion, has recorded revenues in excess of € 26 million, with about 12% growth versus 2012. International revenues account for more than 50% of the total.

Revenues from planning software for Retail, Luxury Goods and Fashion companies grew 20% year on year.

Total orders in the first half of 2013 were in excess of € 30 million, growing at a higher rate than revenues, despite delays in certain purchase decisions. The trend of orders for software licenses is gradually improving in 2013 (+30% in Q2 versus Q1).

In the Luxury Goods and Retail sectors, the most important (size-wise or brand-wise) contracts signed in 2013 have been Celine (F), Tesco (UK), Bestsellers (DK), Lavazza (I), and other 10 net-new clients in Europe and North America, among which Miroglio (I), Delsey (F), Devenlay-Lacoste (F), Valeo (D), Ad van Geloven (NL), FatFace (UK), Modells’ (USA). The largest agreement signed in 2013, worth about 2 million dollars in services and software licenses, is with a large Luxury Retailer in North America; the technical activities have already started. The largest customer of the Perform Division remains the LVMH Group overall.

Net Financial Position, positive at € 3,2 million at the end of 2012, was € 4 million at the end of June 2013, after paying about € 2 million in dividends in May 2013. We forecast an EBITDA substantially in line with last year. The Board of Directors will meet on August 7th to approve the results of first half of 2013. TXT share price has grown by about 50% during the first half of the year.

“The current focus of our International development plan on Europe and North America, with targeted and innovative products and solutions – Mr. Alvise Braga Illa, TXT’s Chairman, has stated. The Company is reacting well to the current negative economic scenario and to the on-going consolidation in certain segments of our target markets”.

TXT

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Wendell Rodricks
Wendell Rodricks

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search