TXT reported a strong performance in Q120, with 37% revenue growth and 52% EBITDA growth year-on-year. Despite COVID-19 disruption, the company signed several material contracts post quarter-end and acquired a start-up business focusing on supply chain finance software. We have revised our forecasts to reflect the stronger than expected outturn in Q1. The company is trading at a discount to peers on EV multiples despite its growth and profitability profile.
20 May 2020
TXT e-solutions - Partnering strategy pays off
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TXT e-solutions - Partnering strategy pays off
TXT e-solutions S.p.A. (TXT:MIL) | 0 0 0.0%
- Published:
20 May 2020 -
Author:
Katherine Thompson -
Pages:
6
TXT reported a strong performance in Q120, with 37% revenue growth and 52% EBITDA growth year-on-year. Despite COVID-19 disruption, the company signed several material contracts post quarter-end and acquired a start-up business focusing on supply chain finance software. We have revised our forecasts to reflect the stronger than expected outturn in Q1. The company is trading at a discount to peers on EV multiples despite its growth and profitability profile.