In the fourth quarter of 2016, TXT e-solutions expects revenues of approximately € 19.1million, up 18% compared to € 16.1 million in Q4 2015, thanks to both the contribution of Pace GmbH (€ 3.0 million) acquired and consolidated since April 1, 2016, and the organic performance in line with last year. TXT Retail, the End-to-End specialist in the Luxury and Fashion sector, had revenues of € 9.5 million (€ 9.4 million in Q4 2015); TXT Next, the software specialist for Complex Operations & manufacturing for Aerospace, High-Tech and Finance, grew by +43 % to € 9.6 million compared to Q4 2015 (€ 6.7 million).
Consolidated revenues 2016 will top approximately € 69.2 million, a 12% increase compared to 2015 (€ 61.5 million), of which TXT Retail € 36.1 million and TXT Next € 33.1 million.
Software revenues in 2016 were € 18.9 million, up 18% compared to 2015. International revenues are expected to account for 59% of total revenues for the Group and 88% for the TXT Retail division.
EBITDA for the fourth quarter 2016 is expected to further accelerate compared to first 9 months 2016 and to confirm, both in absolute value and growth rate compared to Q4 2015, the very good performance of Q3 2016 (EBITDA € 2.5 million and growth +47% compared to Q3 2015).
For full results please visit http://www.txtgroup.com/wp-content/uploads/2017/01/CS-23-1-2017-Revenues-12m.pdf
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