Since incorporation in Q2, TXT Perform’s Asia Pacific subsidiary has won its first major contract, worth more than €1m. Combined with strong underlying performance in both divisions, this should result in group revenue growth of c 20% for Q215, ahead of our 8.5% forecast. This should also drive stronger than forecast EBITDA. We leave our estimates unchanged pending full H115 results on 4 August, but highlight that there is likely to be upward pressure on forecasts.
