In 2014 TXT e-solutions expects revenues of approximately € 55.8 million, 6% growth with respect to 2013. Both TXT’s Divisions contributed to growth: TXT Perform, specialist of End-to-end Retail in Luxury and Fashion grew +8% and TXT Next, specialist of Software for Complex Operations & Manufacturing grew +4%.
International revenues are expected to account for 86% of the TXT Perform division and for 57% of total sales for the Group.
In Q4 2014, software revenues (licences and maintenance) are expected to grow +24% to € 3.3 million and revenues for services +6% to € 10.8 million. Total Revenues are expected to reach € 14.1 million, compared to € 12.9 million in Q4 2013.
EBITDA for Q4 2014 is expected to slightly decrease compared to Q4 2013 due to higher R&D expenses for development of Agile-Fit and in-memory solutions (+15%) and higher commercial investments in North America and Europe (+13%). EBITDA for full year 2014 is expected to show a percentage growth higher than revenues due to non-recurring income (€ 1.1 million).
The financial position as at 31 December 2014 was positive by around € 8.5 million (€ 8.6 million as at 31 December 2013 and € 7.1 million as at 30 September 2014) following distribution of dividends for € 2.6 million, payment of bonuses to employees for € 2.2 million and share buybacks for € 0.5 million.
Main new contracts for the fourth quarter of 2014 include Ecco (D), a Danish shoe and accessory manufacturer and retailer with products distributed in over 4,000 locations worldwide, Orsay (F) a young women fashion retailer with over 620 stores in 26 countries in Europe and with a fast growing on-line business, Auchan (F), a consolidated customer that further extended the use of TXT solutions, USCG Community (USA), the US Coast Guard franchise, Peek & Cloppenburg (D) an international chain of retail clothing stores with headquarters in Germany and operations in 15 countries and Longchamp (F) a French luxury leather goods company present all over the world through more than 236 boutiques and a total of more than 1,800 stores in some hundred countries.
To view an unabridged version of this press release, visit: http://www.txtgroup.com/Documents/CS%20-%20%2023%201%202015%20-%20Preview%202014%20ENG.pdf
