Preliminary information on CREALOGIX in the first half of 2021/2022 and the status of its transformation into a SaaS provider
Crealogix Holding AG / Key word(s): Miscellaneous
28-Jan-2022 / 07:01 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
Ad hoc communication in accordance with SIX Swiss Exchange ad hoc publicity Art. 53
The continued conversion of the licence model to a SaaS (Software as a Service) / hosting model as well as greater levels of investment has changed the structure of total sales and reduced profitability in the first half of 2021/2022. Due to the successful implementation of the strategy to become a SaaS provider, sales and profit will stabilise at a higher level in the medium term. CREALOGIX is reporting the following provisional results:
CREALOGIX is confident that both higher sales volume and better profitability compared to the first half is achievable in the second half of 2021/2022. CREALOGIX will continue to consistently implement the SaaS provider strategy and, in the medium term, will continue to strive for profitability in the double-digit range, measured by the EBITDA margin.
The full half-year results for 2021/2022 will be published on 15 March 2022.
Press Release (PDF)
The CREALOGIX Group is a Swiss top 100 fintech company and is one of the world’s market leaders in digital banking. CREALOGIX develops and implements innovative fintech solutions for the financial institutions of tomorrow. Using CREALOGIX’s digital solutions, banks, asset managers and other financial institutes are better able to respond to changing customer requirements in the area of digital transformation. The Group, founded in 1996, employs around 600 staff worldwide. CREALOGIX Group shares (CLXN) are traded on the SIX Swiss Exchange.
CREALOGIX Holding AG
Daniel Bader, Chief Financial Officer
E-mail: [email protected]
Telephone: +41 58 404 80 80
Media relations office
E-mail: [email protected]
Telephone: +41 44 295 90 41
This press release contains forward-looking statements, which offer no guarantee regarding future performance. These statements are based on information currently available to our management as well as on management’s current assumptions and forecasts. There are numerous risks and uncertainties, many of which are beyond our control, that could cause our actual results, financial situation and performance to differ materially from the forward-looking information and statements made in this presentation. Each forward-looking statement speaks only as of the date of the particular statement and CREALOGIX does not assume any obligation to update or revise any forward-looking statements or other information.
This press release is not intended to be a solicitation or recommendation to sell, buy or hold securities and does not constitute an offer for the sale of, or the solicitation of an offer to purchase, securities in any jurisdiction, including the United States of America. Any such offer will only be made in the form of a prospectus published in compliance with applicable securities laws.
End of ad hoc announcement