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Tinexta - Confirmed strong outlook for Digital Trust

  • 14 Aug 2019

Tinexta - Confirmed strong outlook for Digital Trust


Tinexta SpA (TNXT:MIL) | 0 0 0.0%


  • Edison
    • Russell Pointon

    • 7 pages

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Tinexta’s interim results confirmed the outlook is positive for its two largest and most profitable divisions, Digital Trust and Innovation & Marketing Services. Overall revenue and profit growth for the group was slower in Q2 than in Q1, mainly due to one-off costs and a decline in Credit Information & Management. We maintain our PBT forecasts for FY19 and increase our FY20 forecast by 1%. Our DCF-based valuation increases to €14.6 per share (from €14.2), which offers 17% potential upside from the current share price.


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Tinexta - Confirmed strong outlook for Digital Trust


Tinexta SpA (TNXT:MIL) | 0 0 0.0%


  • Published: 14 Aug 2019
  • Author: Russell Pointon
  • Pages: 7
  • Edison


Tinexta’s interim results confirmed the outlook is positive for its two largest and most profitable divisions, Digital Trust and Innovation & Marketing Services. Overall revenue and profit growth for the group was slower in Q2 than in Q1, mainly due to one-off costs and a decline in Credit Information & Management. We maintain our PBT forecasts for FY19 and increase our FY20 forecast by 1%. Our DCF-based valuation increases to €14.6 per share (from €14.2), which offers 17% potential upside from the current share price.



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