Preliminary information on the 2022/2023 half-year statement: CREALOGIX achieves turnaround with positive operating result
Ad hoc announcement pursuant to Art. 53 LR – In a challenging environment, CREALOGIX achieves a return to operating profit and achieves a positive operating result in the first half of the 2022/2023 financial year.
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Christophe Biollaz takes on the role of Chief Financial Officer of CREALOGIX and becomes a member of the Management Board. The former CFO of Saint-Gobain Switzerland replaces Daniel Bader, who will be leaving CREALOGIX at his own request following a transition phase.
CREALOGIX looks beyond the crypto hype to learn what investors really want and whether traditional banks can deliver
Jörg Zulauf will be proposed for election as a new member of the Board of Directors at this year's Annual General Meeting on the 26th of October 2022. Dr. Christoph Schmid, a member of the Board of Directors of CREALOGIX Group since 2000, will not be standing for re-election
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Ad hoc announcement pursuant to Art. 53 LR – CREALOGIX sales fell by 14% to CHF 94 million in the challenging financial year 2021/22. This drop in sales, together with the extraordinarily high capital investment for the implementation of the development bank product in Germany led to a negative EBITDA of CHF 9.3 million. The implemented cost reductions and the conclusion of the investment in the development bank product will ensure a rapid return to positive EBITDA in the financial year 2022/23.
Ad hoc announcement pursuant to Art. 53 LR – CREALOGIX focuses on digital banking. In the logical implementation of this strategy, CREALOGIX is selling the majority of its digital learning business, which is operated by its subsidiary, Swiss Learning Hub AG. The majority acquisition by a Swiss investor group is taking place within the framework of a management buy-out.
Ad hoc announcement pursuant to Art. 53 LR – CREALOGIX recorded a decline in sales in the first half of the 2021/2022 financial year. The ongoing conversion of the business model from licences to the SaaS (software as a service) rental model and higher expenditures in product development have weighed on profitability. At the same time, the share of recurring sales increased to 56% of total sales. In the medium term, SaaS business and expenditures will open up new business areas for us as a fintech specialist.