TXT e-solutions - Cash proceeds support ambitious growth plans
TXT’s FY17 results confirmed that the remaining TXT Next business is showing solid growth. Profitability has been supressed by efforts to widen the customer base as well as the effect of spreading central costs over a smaller revenue base, but we expect margins to improve as the business grows revenues in FY18 and FY19. The company has confirmed a €1 per share dividend for FY17, leaving the majority of TXT Retail disposal proceeds within the business to invest in accretive acquisitions.
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