FY16 results confirmed that the PACE acquisition has been successfully integrated and TXT Next continues to see good underlying growth. Despite weaker trading for TXT Retail in H116, TXT managed costs well to achieve profitability and cash generation ahead of our forecasts. The company continues to internationalise both businesses and we believe it could make further bolt-on acquisitions in the TXT Next business.
13 Mar 2017
Strong cash flow supports dividend boost
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Strong cash flow supports dividend boost
TXT e-solutions S.p.A. (TXT:MIL) | 0 0 0.0%
- Published:
13 Mar 2017 -
Author:
Katherine Thompson -
Pages:
5
FY16 results confirmed that the PACE acquisition has been successfully integrated and TXT Next continues to see good underlying growth. Despite weaker trading for TXT Retail in H116, TXT managed costs well to achieve profitability and cash generation ahead of our forecasts. The company continues to internationalise both businesses and we believe it could make further bolt-on acquisitions in the TXT Next business.