TXT: revenues +14%
October 09 2013 - 12:15PM
Italian Regulatory (Text)
PRESS RELEASE
TXT e-solutions: revenues + 14% and growing orders in the first 9
months 2013 in the Large Retailers' & Luxury Goods's sector
Milano, October 9, 2013 In the first 9 months of 2013 TXT
e-solutions, global software vendor focusing on large Customers in
Retail, Luxury Goods and Fashion, has recorded revenues in excess
of 39 million, with about 14% 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 23% year on year. Total orders in the first 9 months of 2013
were in excess of 42 million, growing at a higher rate than
revenues, due to strong new orders in 3° quarter for software
Perform by important customers in North America Thirty-One Gifts
(USA), Holt Renfrew (CAN) and Samsonite (USA) and in Europe
Sephora (F) and Delsey (F). New contracts in Q3 follow those
already signed in 2013 with leading companies in the Luxury Goods
and Retail sectors - Celine (F), Tesco (UK), Bestsellers (DK),
Lavazza (I), Miroglio (I), Devenlay-Lacoste (F), Valeo (D), Ad van
Geloven (NL), FatFace (UK), Modells' (USA). Net Financial Position,
positive at 3,2 million at the end of 2012, further improved due to
operating cash flow in the first 9 months 2013, after paying 2
million in dividends. We forecast a growth of EBITDA in Q3 2013,
compared to the same quarter of last year. The Board of Directors
will meet on September 6th to approve the results of Q3 2013. TXT
share price has grown by about 110% during 2013. "The long term
focus of our International development plan is on Luxury, Fashion
and Specialized Retail in Europe and North America Mr. Alvise
Braga Illa, TXT's Chairman, has stated. In the short term the
Company is reacting well to the current negative economic scenario
in our target markets, particularly uncertain in USA".
TXT e-solutions is an international specialist in high-value,
strategic software and solutions for large enterprises. The main
business areas are: Integrated & Collaborative Planning
Solutions, with the TXT Perform Division, especially for Luxury,
Fashion, Retail and Consumer Goods; Software for Complex Operations
& Manufacturing, with the TXT Next Division, for Aerospace,
Defence, High-Tech and Finance. Listed in the Star Segment of Borsa
Italiana (TXT.MI), TXT is based in Milan and has offices in Italy,
France, UK, Germany, Spain, Canada and Australia.
For information: TXT e-solutions SpA Paolo Matarazzo, CFO Tel. +39
02 25771.355 paolo.matarazzo@txtgroup.com
TXT e-solutions S.p.A. Via Frigia, 27 - 20126 Milano (Italy) Tel.
+39 02 25771.1 Fax +39 02 2578994 www.txtgroup.com
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