TXT reported a strong set of results for Q316: organic growth in both businesses was boosted by the contribution from April’s acquisition of Pace, resulting in 49% growth in EBITDA y-o-y. We have revised our forecasts to reflect a lower cost base in FY16 and slightly higher tax rates in both years; we raise FY16 EPS by 6.4% and trim FY17 EPS by 2.4%. The company is making good progress in its efforts to internationalise the business and we believe it may make further bolt-on acquisition
11 Nov 2016
Steady growth in Q3
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Steady growth in Q3
TXT e-solutions S.p.A. (TXT:MIL) | 0 0 0.0%
- Published:
11 Nov 2016 -
Author:
Katherine Thompson -
Pages:
5
TXT reported a strong set of results for Q316: organic growth in both businesses was boosted by the contribution from April’s acquisition of Pace, resulting in 49% growth in EBITDA y-o-y. We have revised our forecasts to reflect a lower cost base in FY16 and slightly higher tax rates in both years; we raise FY16 EPS by 6.4% and trim FY17 EPS by 2.4%. The company is making good progress in its efforts to internationalise the business and we believe it may make further bolt-on acquisition