TXT e-solutions (TXT)

Business description

TXT e-solutions has two divisions: TXT Retail provides software solutions for supply chain management in the international retail and consumer-driven industrial sectors; and TXT Next provides IT, consulting and R&D services to Italian customers.

Stock data

Market cap.€156.7m
Last close€12.05
High / Low (52 weeks)€13.0 / €7.0
Stock market listingMI
Forecast net cash (€m)6.9
Forecast gearing ratio (%)N/A

Price performance

Relative *(0.1)1.023.9

* % Relative to local index

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Company news

TXT e-solutions SpA (BIT:TXT) F-Score in Focus

Sat, 19 Aug 2017 17:48:45 GMT

BRIEF-TXT e-solutions: Swedish retailer Rusta selects TXT Retail solution

Wed, 01 Feb 2017 12:58:01 GMT


Mon, 14 Sep 2015 05:56:24 GMT

TXT e-solutions SpA (BIT:TXT) Stock Update & Valuation Review

Thu, 13 Jul 2017 11:48:45 GMT

Amazon Kindle Touch 3G Review

Tue, 06 Dec 2011 19:09:44 GMT

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (fd) (c) P/E (x) P/CF (x)
2015A 61.5 6.7 5.7 40.0 30.1 58.5
2016A 69.2 8.7 8.1 55.0 21.9 13.2
2017E 73.8 8.1 7.4 47.0 25.6 17.8
2018E 79.4 9.6 8.9 55.0 21.9 15.0

Last updated on 10/08/2017

Investment summary

TXT reported H117 revenue growth of 8.9% y-o-y, with a small decline in Q217 revenues of 1.1%. The company has agreed to sell the TXT Retail business for €85m with completion expected by the end of October. While we continue to include TXT Retail in our forecasts until the deal completes, we provide an illustration of the TXT Group income statement taking into account the disposal.

Last updated on 10/08/2017

Industry outlook

The supply chain management software market is growing at c 10% pa and splits into two broad areas: supply chain planning (SCP) and supply chain execution software. TXT Perform specialises in SCP software, a market that was worth c $3.8bn in 2015 (source: Gartner). TXT Next is a beneficiary of the trend to outsource IT, which gives the customer greater flexibility on cost and better access to specialist skills.

Last updated on 03/08/2017

Key management

Alvise Braga Illa, Chairman
Marco Guida, CEO
Paolo Matarazzo , CFO

Company address

Via Frigia, 27
20126 Milano
+39 02 257711
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