the second semester will be calmer

the second semester will be calmer

For its corporate accounts, Txcom recorded, for the 1st half of the year 2022, a turnover of 5.9 million euros (5.15 ME excluding internal re-invoicing). It is up by 7% (excluding internal invoicing) compared to the 1st half of 2021 (5.32 ME), due to an increase in turnover linked to the activities of cylinders and solenoid valves and a figure supported business of thermal printing.

The operating result for the 1st half increased significantly to reach 1.1 ME (544 kE in the 1st half of 2021), i.e. an operating profitability of 21% compared to turnover excluding internal re-invoicing.

Net income after tax doubled from 443 kE for the 1st half of 2021 to 994 kE in the 1st half of 2022.

As of June 30, 2022, Txcom’s financial structure is solid with equity of €14.4 million and available cash of €8.5 million.

For its consolidated accounts, Txcom recorded for the 1st half of 2022 a turnover of 7.21 ME (6.5 ME in the 1st half of 2021).

Thanks to good control of its costs, the Txcom group was able to achieve a consolidated current result of 1.05 ME, much higher than the 558 kE for the 1st half of 2021. As of June 30, the financial structure of the Txcom Group is very solid with shareholders’ equity of 15.1 ME, and available cash of 8.6 ME.

Outlook

In the second half of the year, the thermal printing specialist’s turnover will drop, as thermal printing customers have too many stocks. In addition, the volumes on the tags are very limited. Txcom is also considering stopping this activity.