TXT Group H1 FY'13 sales rise 12%

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