Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €43.50, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the Software industry in Germany. Total returns to shareholders of 114% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €37.20 per share. Reported Earnings • May 20
First quarter 2026 earnings released First quarter 2026 results: Revenue: €109.2m (up 19% from 1Q 2025). Net income: €5.73m (up 3.6% from 1Q 2025). Profit margin: 5.2% (down from 6.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Antonietta Arienti was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Mar 23
TXT e-solutions S.p.A., Annual General Meeting, Apr 29, 2026 TXT e-solutions S.p.A., Annual General Meeting, Apr 29, 2026, at 10:00 W. Europe Standard Time. Announcement • Mar 17
TXT e-solutions S.p.A. announces Annual dividend, payable on May 20, 2026 TXT e-solutions S.p.A. announced Annual dividend of EUR 0.3500 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026. Board Change • Dec 30
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Antonietta Arienti was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 03
TXT e-solutions S.p.A. (BIT:TXT) completed the acquisition of It Values Srl. TXT e-solutions S.p.A. (BIT:TXT) signed an agreement to acquire It Values Srl for €17.5 million on March 5, 2025. As part of the acquisition, TXT e-solutions S.p.A. will acquire 100% stake in It Values Srl. The consideration consists of €12 million in cash, €3 million will be paid in TXT e-solutions S.p.A. shares and maximum earn-out value €2.5 million For the period ended December 31, 2024, It Values Srl has an adjusted EBITDA of €2.5 million. The board of directors of TXT e-solutions S.p.A. has unanimously approved the transaction. The transaction is expected to close by April 1, 2025. Marco Morfino of Clearwater International acted as financial advisor to TXT e-solutions S.p.A. Marcello Priori of Studio PRIORI acted as financial advisor to It Values Srl.
TXT e-solutions S.p.A. (BIT:TXT) completed the acquisition of It Values Srl on April 1, 2025. TXT will consolidate IT Values' results within its Smart Solutions division starting from April 1, 2025. The selling shareholders, currently directors and managers of IT Values, will remain with the company. Announcement • Mar 19
TXT e-solutions S.p.A. announces Annual dividend, payable on May 21, 2025 TXT e-solutions S.p.A. announced Annual dividend of EUR 0.2500 per share payable on May 21, 2025, ex-date on May 19, 2025 and record date on May 20, 2025. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: €0.34 (vs €0.26 in 3Q 2023) Third quarter 2024 results: EPS: €0.34 (up from €0.26 in 3Q 2023). Revenue: €81.4m (up 56% from 3Q 2023). Net income: €4.02m (up 33% from 3Q 2023). Profit margin: 4.9% (down from 5.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. New Risk • Sep 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company. Reported Earnings • Sep 11
Second quarter 2024 earnings released: EPS: €0.33 (vs €0.33 in 2Q 2023) Second quarter 2024 results: EPS: €0.33 (in line with 2Q 2023). Revenue: €71.1m (up 29% from 2Q 2023). Net income: €3.85m (flat on 2Q 2023). Profit margin: 5.4% (down from 7.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year whereas the company’s share price has increased by 43% per year. Announcement • Jul 10
TXT e-solutions S.p.A. (BIT:TXT) acquired an additional 20% stake in ProSim Aviation Research B.V. TXT e-solutions S.p.A. (BIT:TXT) exercised an option to acquire an additional 20% stake in ProSim Aviation Research B.V. on July 8, 2024. As a result of which TXT holds a majority stake in ProSim-TS amounting to 60% of its capital. TXT will consolidate the results of ProSim-TS starting from July 1, 2024. Following the option exercised by TXT today, the investment agreement includes further Put/Call options expiring upon approval of the financial statements closing on December 31, 2025, under which TXT will acquire the remaining 40% of ProSim-TS, with additional earn-outs for the selling shareholders. TXT e-solutions S.p.A. (BIT:TXT) completed the acquisition of an additional 20% stake in ProSim Aviation Research B.V. on July 8, 2024. Announcement • Jul 02
TXT e-solutions S.p.A. acquired Refine Direct Srl for €21.8 million. TXT e-solutions S.p.A. acquired Refine Direct Srl for €21.8 million on July 1, 2024. The transaction is expected to be closed on July 1, 2024. The consideration will be paid in cash of which €12.1 million was paid in cash and €9.7 million was paid through the issuance of TXT e-solutions S.p.A. shares. The transaction has been approved by the board of directors of TXT e-solutions. As of year ended 2023, Refine's reported revenues of €16.7 million and EBITDA of €3.4 million.TXT e-solutions S.p.A. completed the acquisition of Refine Direct Srl on July 1, 2024. Announcement • Jun 28
TXT e-solutions S.p.A. (BIT:TXT) acquired Imille Srl and Uasabi Srl for €8.5 million. TXT e-solutions S.p.A. (BIT:TXT) acquired Imille Srl and Uasabi Srl for €8.5 million on June 26, 2024. The base consideration paid at closing for the acquisition of 100% of the I MILLE Group, net of earn-outs, claw-back provisions, and the Net Financial Position, which will be settled in cash, has been agreed upon by the parties at €8.5 million. Of this amount, €7.1 million (84%) was paid in cash, and €1.4 million (16%) was settled through the issuance of TXT e-solutions S.p.A. shares, transferred at a price corresponding to the average share price over the 30 trading days preceding the closing date, which was €24.13 per share. The Net Financial Position at closing will be settled in cash. The selling shareholders, who are currently directors and managers of the I MILLE Group, will remain with the company. The share purchase agreement includes retention clauses, claw-back provisions, earn-out arrangements, and bonuses in their favour, with deadlines distributed from the approval date of the I MILLE Group's 2024 financial statements until the approval date of the I MILLE Group's financial statements ending December 31, 2026. These payments will be contingent upon revenue and EBITDA growth targets as reflected in the I MILLE Group's industrial plans, which are jointly agreed upon by TXT and the selling shareholders. In 2023, the consolidated sales revenues of the I MILLE Group amounted to €11.6 million (+12.8% compared to 2022), with EBITDA of approximately €1.6 million. TXT will consolidate their results within its Digital Advisory division starting from June 26, 2024.The acquisition of the I MILLE Group was unanimously approved by the Board of Directors of TXT.TXT e-solutions S.p.A. (BIT:TXT) completed the acquisition of Imille Srl and Uasabi Srl on June 26, 2024. New Risk • Jun 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • May 21
Now 20% undervalued Over the last 90 days, the stock has risen 15% to €23.05. The fair value is estimated to be €28.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has grown by 42%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 7.6% in the next 2 years. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: €0.35 (vs €0.24 in 1Q 2023) First quarter 2024 results: EPS: €0.35 (up from €0.24 in 1Q 2023). Revenue: €67.1m (up 28% from 1Q 2023). Net income: €4.11m (up 41% from 1Q 2023). Profit margin: 6.1% (up from 5.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year whereas the company’s share price has increased by 45% per year. Upcoming Dividend • May 13
Upcoming dividend of €0.25 per share Eligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (1.2%). Buy Or Sell Opportunity • Apr 19
Now 20% undervalued Over the last 90 days, the stock has risen 4.1% to €21.40. The fair value is estimated to be €26.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last 3 years. Earnings per share has grown by 44%. For the next 3 years, revenue is forecast to grow by 8.8% per annum. Earnings are also forecast to grow by 7.7% per annum over the same time period. Declared Dividend • Mar 25
Dividend increased to €0.25 Dividend of €0.25 is 39% higher than last year. Ex-date: 20th May 2024 Payment date: 22nd May 2024 Dividend yield will be 1.1%, which is lower than the industry average of 1.5%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 17
Full year 2023 earnings released: EPS: €1.33 (vs €1.01 in FY 2022) Full year 2023 results: EPS: €1.33 (up from €1.01 in FY 2022). Revenue: €224.4m (up 49% from FY 2022). Net income: €15.5m (up 29% from FY 2022). Profit margin: 6.9% (down from 8.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 45% per year whereas the company’s share price has increased by 46% per year. Announcement • Mar 15
TXT e-solutions S.p.A., Annual General Meeting, Apr 24, 2024 TXT e-solutions S.p.A., Annual General Meeting, Apr 24, 2024, at 10:00 Central European Standard Time. Announcement • Dec 06
TXT e-solutions S.p.A. (BIT:TXT) acquired FastCode S.p.A. from Gianni Mancini and Massimiliano Saponaro. TXT e-solutions S.p.A. (BIT:TXT) signed a contract to acquire FastCode S.p.A. from Gianni Mancini and Massimiliano Saponaro for €7 million on December 4, 2023. The agreed base consideration for the acquisition of 100% of FastCode paid at the closing, net of the earn-outs and claw-back outlined below, was set at €5.0 million. The initial earn-out clause concludes upon the approval of FastCode's financial statements as of December 31, 2023, with an estimated amount exceeding €2 million. The second earn-out clause concludes upon the approval of FastCode's 2027 financial statements, contingent on meeting growth targets. Gianni Mancini and Massimiliano Saponaro will their positions. The acquisition of FastCode received unanimous approval from TXT's Board of Directors.
TXT e-solutions S.p.A. (BIT:TXT) completed the acquisition of FastCode S.p.A. from Gianni Mancini and Massimiliano Saponaro on December 4, 2023. Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: €0.26 (vs €0.15 in 3Q 2022) Third quarter 2023 results: EPS: €0.26 (up from €0.15 in 3Q 2022). Revenue: €52.1m (up 74% from 3Q 2022). Net income: €3.01m (up 66% from 3Q 2022). Profit margin: 5.8% (down from 6.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 06
Second quarter 2023 earnings released: EPS: €0.33 (vs €0.13 in 2Q 2022) Second quarter 2023 results: EPS: €0.33 (up from €0.13 in 2Q 2022). Revenue: €55.0m (up 72% from 2Q 2022). Net income: €3.88m (up 165% from 2Q 2022). Profit margin: 7.0% (up from 4.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 15
Upcoming dividend of €0.18 per share at 0.9% yield Eligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.6%). Reported Earnings • May 14
First quarter 2023 earnings released: EPS: €0.24 (vs €0.18 in 1Q 2022) First quarter 2023 results: EPS: €0.24 (up from €0.18 in 1Q 2022). Revenue: €52.3m (up 71% from 1Q 2022). Net income: €2.91m (up 41% from 1Q 2022). Profit margin: 5.6% (down from 6.7% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 09
Full year 2022 earnings released: EPS: €1.01 (vs €0.67 in FY 2021) Full year 2022 results: EPS: €1.01 (up from €0.67 in FY 2021). Revenue: €150.8m (up 56% from FY 2021). Net income: €12.0m (up 52% from FY 2021). Profit margin: 8.0% (down from 8.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Dec 16
Now 21% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be €15.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 72%. Revenue is forecast to grow by 78% in 2 years. Earnings is forecast to grow by 60% in the next 2 years. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Antonella Sutti was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: €0.15 (vs €0.17 in 3Q 2021) Third quarter 2022 results: EPS: €0.15 (down from €0.17 in 3Q 2021). Revenue: €29.9m (up 30% from 3Q 2021). Net income: €1.81m (down 12% from 3Q 2021). Profit margin: 6.1% (down from 9.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Jul 01
TXT e-solutions S.p.A. (BIT:TXT) signed an agreement to acquire a 78.56% stake in Ennova Spa for €15.4 million. TXT e-solutions S.p.A. (BIT:TXT) signed an agreement to acquire a 78.56% stake in Ennova Spa for €15.4 million on June 29, 2022. The price paid to the selling shareholders discounts the payment of the portion of Ennova's adjusted net financial debt outstanding at 31 December 2021 in the amount of €6.5 million. In 2021, Ennova reached sales revenues of €61 million and EBITDA Adjusted of €5.3 million. The acquisition of Ennova was unanimously approved by the TXT Board of Directors. Reported Earnings • May 15
First quarter 2022 earnings released: EPS: €0.18 (vs €0.11 in 1Q 2021) First quarter 2022 results: EPS: €0.18 (up from €0.11 in 1Q 2021). Revenue: €30.5m (up 42% from 1Q 2021). Net income: €2.06m (up 66% from 1Q 2021). Profit margin: 6.7% (up from 5.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 16%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Antonella Sutti was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 16
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: €0.67 (up from €0.38 in FY 2020). Revenue: €96.4m (up 40% from FY 2020). Net income: €7.84m (up 75% from FY 2020). Profit margin: 8.1% (up from 6.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.7%. Over the next year, revenue is forecast to grow 6.9%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Jan 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Antonella Sutti was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 29
TXT e-solutions S.p.A. (BIT:TXT) acquired Quence Srl. TXT e-solutions S.p.A. (BIT:TXT) acquired Quence Srl on December 28, 2021. For the year ended 2020, Quence reported reveues of €2.7 million
TXT e-solutions S.p.A. (BIT:TXT) completed the acquisition of Quence Srl on December 28, 2021. Announcement • Dec 01
TXT e-solutions S.p.A. (BIT:TXT) signed an agreement to acquire Novigo Consulting S.R.L. for €4.3 million. TXT e-solutions S.p.A. (BIT:TXT) signed an agreement to acquire Novigo Consulting S.R.L. for €4.3 million on November 29, 2021. As per the transaction, TXT e-solutions S.p.A. will pay €2.45 million in cash and €1.05 million in TXT e-solutions S.p.A.'s own ordinary shares. The consideration also includes maximum earn-out provided for in the agreement, if payable by TXT e-solutions S.p.A. to the selling shareholders of Novigo Consulting S.R.L., will be €0.8 million, to be settled through the payment of TXT e-solutions S.p.A.'s own ordinary shares. The transaction is unanimously approved by TXT e-solutions S.p.A.’s board of directors. Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS €0.17 (vs €0.067 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €23.0m (up 47% from 3Q 2020). Net income: €2.06m (up 160% from 3Q 2020). Profit margin: 8.9% (up from 5.0% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 08
Second quarter 2021 earnings released: EPS €0.071 (vs €0.21 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: €22.2m (up 40% from 2Q 2020). Net income: €832.0k (down 66% from 2Q 2020). Profit margin: 3.7% (down from 15% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Aug 05
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chairman Enrico Magni was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 14
First quarter 2021 earnings released: EPS €0.11 (vs €0.02 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €21.5m (up 32% from 1Q 2020). Net income: €1.24m (up 422% from 1Q 2020). Profit margin: 5.8% (up from 1.5% in 1Q 2020). Upcoming Dividend • May 03
Upcoming dividend of €0.04 per share Eligible shareholders must have bought the stock before 10 May 2021. Payment date: 12 May 2021. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (1.5%). Analyst Estimate Surprise Post Earnings • Mar 11
Revenue beats expectations Revenue exceeded analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 23%, compared to a 25% growth forecast for the Software industry in Germany. Reported Earnings • Mar 10
Full year 2020 earnings released: EPS €0.38 (vs €0.027 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €68.8m (up 16% from FY 2019). Net income: €4.47m (up €4.16m from FY 2019). Profit margin: 6.5% (up from 0.5% in FY 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Feb 20
New 90-day low: €7.00 The company is down 9.0% from its price of €7.68 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.91 per share. Is New 90 Day High Low • Jan 27
New 90-day low: €7.16 The company is down 2.0% from its price of €7.28 on 29 October 2020. The German market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.94 per share. Announcement • Jan 13
TXT e-solutions S.p.A. (BIT:TXT) acquired remaining 49% stake in Assiopay Srl from Andrea Serra for €1.6 million. TXT e-solutions S.p.A. (BIT:TXT) acquired remaining 49% stake in Assiopay Srl from Andrea Serra for €1.6 million on January 11, 2021. TXT e-solutions S.p.A. now holds 100% stake in Assiopay Srl. The transaction will allow TXT e-solutions S.p.A. to fully consolidate Assiopay Srl already positive results.
TXT e-solutions S.p.A. (BIT:TXT) completed the acquisition of remaining 49% stake in Assiopay Srl from Andrea Serra on January 11, 2021. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue beats expectations Revenue exceeded analyst estimates by 0.1%. Over the next year, revenue is forecast to grow 18%, compared to a 14% growth forecast for the Software industry in Germany. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS €0.071 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: €15.7m (up 1.2% from 3Q 2019). Net income: €878.0k (down 6.0% from 3Q 2019). Profit margin: 5.6% (down from 6.0% in 3Q 2019). The decrease in margin was driven by higher expenses. Is New 90 Day High Low • Oct 31
New 90-day low: €7.18 The company is down 3.0% from its price of €7.43 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.60 per share. Announcement • Oct 20
TXT e-solutions S.p.A. (BIT:TXT) acquired 92% stake in HSPI SpA. TXT e-solutions S.p.A. (BIT:TXT) signed an agreement to acquire 92% stake in HSPI SpA on October 19, 2020. In 2019, HSPI reported total revenues of €12 million and EBITDA margin of 15%
TXT e-solutions S.p.A. (BIT:TXT) completed the acquisition of 92% stake in HSPI SpA on October 19, 2020. Is New 90 Day High Low • Sep 23
New 90-day low: €7.35 The company is down 1.0% from its price of €7.46 on 25 June 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.65 per share. Announcement • Aug 31
TXT e-solutions S.p.A. to Report Q3, 2020 Results on Nov 05, 2020 TXT e-solutions S.p.A. announced that they will report Q3, 2020 results on Nov 05, 2020 Announcement • Jul 30
TXT e-solutions S.p.A. (BIT:TXT) acquired Mac Solutions Sa for CHF 6.6 million. TXT e-solutions S.p.A. (BIT:TXT) agreed to acquire Mac Solutions Sa for CHF 6.6 million on June 18, 2020. At Closing TXT paid CHF 5.4 million in cash, of which CHF 2.2 million – equal to the maximum value of the Clawback clause agreed by the parties to maximize the commitment of the seller in achieving the objectives - into escrow accounts related to the performance of Mac Solutions SA in the three-year period 2020-2022. The consideration shall be increased by further payments by cash based on the Net Financial Position of Mac Solutions SA on Closing Date, as conventionally defined in the agreement, estimated positive by CHF 1.2 million. The transaction shall be funded through available cash. For the year ending 2019, Mac Solutions Sa reported revenues of CHF 4.8 million and EBITDA of CHF 1.08 million.
TXT e-solutions S.p.A. (BIT:TXT) completed the acquisition of Mac Solutions Sa on July 13, 2020. 
