CREALOGIX
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Ad hoc announcement pursuant to Art. 53 LR - Purpose of these interim financial statements 

Ad hoc announcement pursuant to Art. 53 LR - VENCORA UK LIMITED published today its offer prospectus on the public tender offer for all publicly held shares of CREALOGIX

Ad hoc announcement pursuant to Art. 53 LR - Vencora and CREALOGIX jointly announced today that they have entered into a definitive transaction agreement, under which Vencora agreed to submit an all-cash public tender offer to acquire all publicly held registered shares of CREALOGIX for CHF 60 per share.

Ad hoc announcement pursuant to Art. 53 LR - CREALOGIX has pursued its strategy to improve the operating profitability by a further reduction of its cost base thanks to efficiency gains from the product portfolio consolidation. Total sales for the financial year 2022/23 amounted to CHF 81.4 million. EBITDA improved by CHF 18.2 million year over year and amounts to CHF 8.9 million.

Ad hoc announcement pursuant to Art. 53 LR - In a challenging environment, CREALOGIX is back in the black with a positive operating result in the first half of the 2022/2023 financial year. Sales increased by 1.1%, or 6.8% in local currencies, on an adjusted comparison level and in Swiss francs - excluding the sold, non-strategic Swiss Learning Hub AG.

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.

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 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.