TXT e-solutions S.p.A. announced earnings results for the second quarter and first half ended June 30, 2017. For the first half, the company reported Revenue was €36.132 million against €33.183 million a year ago. EBITDA before stock options was €3.417 million against €3.314 million a year ago. EBITDA was €3.255 million against €3.314 million a year ago. Operating profit (EBIT) was €2.571 million against €2.782 million a year ago. Earnings before taxes (EBT) was €2.263 million against €2.624 million a year ago. Net profit was €1.567 million against €2.015 million a year ago. Diluted earnings per share was €0.13 against €0.17 a year ago. Cash flow generated by operations was €4,058,282 against €2,894,831 a year ago. Increase in tangible assets was €432,274 against €334,373 a year ago. Increase in intangible assets was €19,830 against €39,341 a year ago.

For the quarter, the company reported Revenue was €18.134 million against €18.773 million a year ago. EBITDA before stock options was €1.840 million against €1.900 million a year ago. EBITDA was €1.759 million against €1.900 million a year ago. Operating profit (EBIT) was €1.419 million against €1.568 million a year ago. Earnings before taxes (EBT) was €1.326 million against €1.496 million a year ago. Net profit was €0.959 million against €1.132 million a year ago.

The company foresees in the third quarter of 2017 a positive development of revenues and profits for both divisions.

The board of directors announced that Andrea Lanciani has appointed as non-executive director, replacing Andrea Casanova who has resigned on August 3, 2017. Andrea Lanciani graduated in Law in 1989, cum laude and honour of publication of the thesis. A member of Turin Bar, Andrea Lanciani's professional experience is in commercial law, with specific regard to banking, finance, corporate law and public companies.