TXT reported strong organic revenue growth in Q117, with 14% growth for TXT Retail and 8% growth for TXT Next. Our forecasts are substantially unchanged. TXT continues to internationalise both businesses and we believe it could make further bolt-on acquisitions in the TXT Next business. In Italy, the recently introduced individual savings account scheme (PIR) is driving up demand for TXT’s shares, and in our view this is the main driver of the share price outperformance year-to-date.
....11 May 2017
Making progress in North America and Asia
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Making progress in North America and Asia
TXT e-solutions S.p.A. (TXT:MIL) | 0 0 0.0%
- Published:
11 May 2017 -
Author:
Katherine Thompson -
Pages:
3
TXT reported strong organic revenue growth in Q117, with 14% growth for TXT Retail and 8% growth for TXT Next. Our forecasts are substantially unchanged. TXT continues to internationalise both businesses and we believe it could make further bolt-on acquisitions in the TXT Next business. In Italy, the recently introduced individual savings account scheme (PIR) is driving up demand for TXT’s shares, and in our view this is the main driver of the share price outperformance year-to-date.
....