TXT approve 2013 results and cash dividend of Euro 0,25
April 16 2014 - 11:48AM
Italian Regulatory (Text)
PRESS RELEASE
TXT e-solutions: Shareholders approve 2013 Financial Statements and
cash dividend of Euro 0.25 per share (+25%); appoint new Board of
Directors and Statutory Auditors
Milan  April 16, 2014 The ordinary shareholders' meeting of TXT
e-solutions, leader of software `End-to-End" for Luxury, Fashion
and Retail companies and international supplier of innovative and
complex solutions, met today at Borsa Italiana (Milan Stock
Exchange), under the chairmanship of Alvise Braga Illa. The
Shareholders: · examined and approved the financial statements for
the accounting period ended 31 December 2013. The net consolidated
result has recorded a net profit of 4.6 million in 2013. Revenues
have grown by 13.0%, EBITDA by +17.7% and Net financial position at
31 December 2013 is positive to the amount of 8.6 million; ·
approved to distribute a dividend of Euro 0.25 for each share
outstanding on the exdividend date, i.e. on May 19, 2014 (record
date on May 21, payment on May 22, 2014). The total amount of
dividends will be about 2.6 million, distributed to an estimated
number of 10.5 million shares outstanding on ex-dividend date; ·
approved the Report on Remuneration issued by the Directors; ·
authorized, upon cancellation of the previous plan, for a period of
18 months, the purchase of treasury stock up to the maximum amount
envisaged by law (20%). As of today, the company holds a total of
1,355,780 in treasury stock, corresponding to 11.47% of share
capital; · appointed the Board of Directors and the Board of
Statutory Auditors, for a term of 3 accounting periods, up until
the approval of financial statements for the period ending 31
December 2016, and have set their emoluments. The Board of
Directors will sit 7 (seven), namely : Franco Cattaneo (as
Independent Director) and Teresa Cristiana Naddeo (as Independent
Director), elected by the majority list and Alvise Braga Illa,
Marco Edoardo Guida, Andrea Cencini, Paolo Enrico Colombo and
Stefania Saviolo (as Independent Director), elected by the minority
list. Stefania Saviolo who founded Bocconi Master in Luxury &
fashion, is Director at SDA Bocconi University of Luxury and
Fashion Knowledge Center and published several books, replaces
Adriano De Maio who valuably contributed as TXT Director for 14
years. · appointed the new Board of Statutory Auditors, namely:
Raffaele Valletta (Chairman) and Angelo Faccioli (Alternate
Auditor) elected by the minority list and Fabio Maria
TXT e-solutions S.p.A. Via Frigia, 27 - 20126 Milano (Italy) Tel.
+39 02 25771.1 Fax +39 02 2578994 www.txtgroup.com
PRESS RELEASE
Palmieri (Standing Auditor), Luisa Cameretti (Standing Auditor),
Pietro Antonio Grignani (Alternate Auditor) and Laura Grimi
(Alternate Auditor) elected by the majority. The résumé of the new
appointees can be found at www.txtgroup.com, under "Investor
Relations".
First Quarter 2014 In the first quarter of fiscal 2014, TXT
e-solutions anticipates consolidated revenues of about 13.8
million, up +4.5% from the same period in 2013. International
revenues were 55% of total. EBITDA performance in Q1 2014 is
forecasted broadly in line with the same period 2013,
notwithstanding the increase in commercial investments both in
North America and Europe. Net Financial position, which at 31
December 2013, was + 8.6 million, has further risen to + 11.2
million at 31 March 2014. First Quarter 2014 Results will be
submitted for Board approval on 8 May 2014. Alvise Braga Illa,
Chairman of TXT Group, stated: "TXT brand continues to grow
internationally: the company is recognized as innovator and `First
mover' in the growing segment of `End-to-End Retail' software for
large Luxury, Fashion and Retail companies".
The Designated Officer in charge of drafting the company's
accounting documents, Paolo Matarazzo, herein declares, pursuant to
Article 154-bis, Paragraph 2 of Legislative Decree no. 58 of 24
February 1998 that the accounting information contained in this
press release corresponds to the documentary records, books and
accounting entries. As from today, this press release is available
also on the company's website www.txtgroup.com
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
PRESS RELEASE
TXT e-solutions S.p.A. Via Frigia, 27 - 20126 Milano (Italy) Tel.
+39 02 25771.1 Fax +39 02 2578994 www.txtgroup.com
TXT E Solutions (BIT:TXT)
Historical Stock Chart
From Jun 2024 to Jul 2024
TXT E Solutions (BIT:TXT)
Historical Stock Chart
From Jul 2023 to Jul 2024