Txt e-solutions banking finance

Two new fintech companies. TXT acquires TeraTron. All TXT Websites. Motion is a change within us over time with respect to the surrounding. Sustainability We aim to meet the needs of present without compromising the ability of future generations to meet their own needs. Cybersecurity Cybersecurity is a new area where equality will exist to allow intelligence to succeed.

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Show All Vacancies. Net cash. Source: TXT e-solutions. TXT reported 4. Q2 revenues on a like-for-like basis were flat. Gross profit increased by a similar amount to revenue in H Lower operating costs such as significantly reduced travel costs, lower admin costs, and lower sales and marketing costs, resulted in a The normalised EBIT margin increased by 2. The tax rate for H was 8. Exhibit 2: Net cash reconciliation. Cash and cash equivalents.

Trading securities at fair value. Short-term bank debt. Short-term leases. Short-term earn-outs. Long-term bank debt. Long-term lease debt. Long-term earn-outs. Exhibit 3: Divisional revenues. Based on the stronger performance in Q, this results in The company noted that it had recently signed a multi-year contract within the defence sector for its virtual pilot training platform.

For H, revenue growth of On a like-for-like basis, revenue growth declined 3. Expanding into the Swiss market with MAC acquisition. The agreement includes a clawback clause of up to CHF2. This makes him a 1. MAC Solutions has been in operation for more than 20 years, specialising in the supply and integration of financial software, and developing custom software and apps for local banking customers.

TXT already has a Swiss subsidiary based in Chiasso focused on the aerospace market and this acquisition is a move to expand the fintech division outside of Italy. The company noted that, despite the inevitable impact that COVID has had on the civil aviation, automotive and manufacturing sectors, the immediate transition to remote working ensured continuity for its customers, and its specialised skills in digital transformation have enabled it to grow volumes and margins compared to H We have revised our forecasts to reflect:.

Exhibit 4: Changes to forecasts. FY20e old. FY20e new. FY21e old. FY21e new. Source: Edison Investment Research. TXT continues to trade at a discount to peers on EV multiples. Exhibit 5: Peer financial and valuation metrics. Share price. Rev growth. EBIT margin. Div yield. European IT services companies. AKKA Technologies. Cap Gemini. ESI Group. Sopra Steria. Exhibit 6: Financial summary.

Year end 31 December. Cost of sales. Operating Profit before amort and except. Paul Clark. Need more info? Our Customers. Home About Us Our Customers.