CIMdata PLM Industry Summary Online Archive
7 August 2013
Financial News
TXT e-solutions: in 1H 2013 Luxury and North America drive Revenues
The Board of Directors of TXT e-solutions, chaired by Alvise Braga Illa, have 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.
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.
To view an unabridged version of this press release, visit: http://www.txtgroup.com/Documents/CS%20-%20%207%208%202013%20-%20Results%20H1%202013%20-%20Eng.pdf
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