TXCOM: Strong Progress in H1 2024 Financial Results

The TXCOM Group, specialized in mechatronics, presented its accounts for the first half of 2024. The social turnover reached 5.0 million euros, up 25% compared to the same period in 2023. This increase is attributed to the increase in export sales in thermal printing. However, sales of solenoid valves and cylinders fell by 50%.

Operating income more than doubled, from €451,000 to €1,051,000. Net income, after tax, amounted to €740,000, benefiting from a reduction in depreciation compared to 2023. The consolidated accounts show a turnover of €5.3 million, up 10%.

TXCOM's financial structure remains solid. However, challenges are expected for the second half of 2024, particularly in thermal printing and bakery, affected by the economic context and fluctuating demand.