Home / Knowledge / News / Information Technology / TXT e-solutions H1 consolidated sales up 12%
TXT e-solutions H1 consolidated sales up 12%
09
Aug '13
The Board of Directors of TXT e-solutions, chaired by Alvise Braga Illa, today approved the first half financial results for the period ended 30 June 2013.

In the first six months of 2013 key business objectives for TXT have been the Luxury and Fashion market and the North American market, where TXT offers its proprietary software TXT Perform for “end to end” planning of large Luxury and Retail international customers.

Highlights:

- Consolidated Revenues: € 26.3 million (+12.0%), 52% from abroad.
- EBITDA: € 3.1 million (+0.8% compared to H1 2012).
- Net profit: € 2.0 million (€ 2.3 million in H1 2012, net of non-recurring capital gain).
- Net Financial Position: € 4.1 million (€ 3.2 million at 31 December 2012).

Revenues grew by 12.0%, from € 23.5 million to € 26.3 million. Sales of licences and maintenance totalled € 6.0 million, 23% as a percentage of revenues, up +22.4% compared to H1 2012.

Both business areas made a positive contribution to the growth in group's revenues, with TXT Perform and TXT Next posting an increase of +20.1% (59% of group's revenues) and +2.2% (41% of group's revenues), respectively.

International revenues rose from € 11.8 to € 13.6 million, up 14.8% and 52% as a percentage of total sales.

Gross Margin, net of direct costs, rose by 13.0% and grew to 52.8% as a percentage of revenues, compared to 52.3% in H1 2012.

In the quarter several new initiatives pushed up both Research and Development costs (+26.3%) and Commercial costs (+13.4%) to support the planned growth. EBITDA was substantially in line with H1 2012: € 3.1 million, 12.0% as a percentage of revenues. All research and development costs were expensed in 2013 and 2012.

Net Income amounted to € 2.0 million, 7.7% as a percentage of revenues, compared to € 2.9 million in H1 2012, which included € 0.6 million extraordinary capital gain on the sale of KIT Digital shares, following the divestiture of Polymedia. Lower tax charges balanced higher amortization costs on Maple Lake acquisition.

Net Financial Position, € 3.2 million positive at 31 December 2012, has risen to € 4.1 million at 30 June 2013, due to good quarterly cash generation and net of payment of dividends of € 2.1 million. Consistently with 2012 and according to accounting principle IFRS 3, Net Financial Position includes a provision of € 2.7 million of the maximum earn-outs payable, subject to the achievement of set growth and profitability goals in 2013 and 2014. Net of this provision, Net Available Financial Resources was € 6.8 million.

Click here to read full results

TXT e-solutions


Must ReadView All

Textiles | On 20th Aug 2017

PetroVietnam, Vinatex discuss reviving PVTEX plant

Discussions are under way between PetroVietnam and textile and...

Courtesy: Mexx

Fashion | On 20th Aug 2017

RNF acquires Mexx fashion brand

RNF, the Dutch sports and fashion holding, has purchased the global...

Textiles | On 20th Aug 2017

Intertextile Shanghai Home Textiles opens on August 23

Intertextile Shanghai Home Textiles, Asia’s leading platform to meet...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

August 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

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

Yes No

Active Poll

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

Yes
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

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

Yes No

Active Poll

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

Yes
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

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

Active Poll

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

Yes
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


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