August 1, 2018
Advance info financial year 2017/18
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CREALOGIX continues to be on a growth path and can report these provisional results for the 2017/18 financial year:

  • Sales increased better than expected by 16.4% to around CHF 87.1 million. This corresponds to a growth of 13.1% in local currencies.
  • Profitability (EBITDA) was CHF 7.0 million, which is slightly below the previous year's level (CHF 7.3 million). At 8.1%, EBITDA margin was slightly below the expected >10%.
    This was largely caused by a pleasingly more rapid switch of customers from the traditional initial licence model to the SaaS/rental model and increases future recurring revenues.
  • Net profit was CHF 0.9 million (previous year: CHF 1.4 million).
  • Internationalisation is continuing: The sales share generated outside of Switzerland increased again to 57% (previous year 50%).
  • CREALOGIX confirms the growth and profitability targets: In the medium term, the Group expects annual sales growth of more than 20% and aims to achieve profitability (EBITDA) of more than 15%.

The full annual results for 2017/18 will be published on 18 September 2018.

This press release contains forward-looking statements that do not represent guarantees of future performance. These statements are based on information currently available to management and management’s current assumptions and projections. 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 contained in this presentation. Any forward-looking statement relates only to the date of each statement, and CREALOGIX undertakes no obligation to update or revise any forward-looking statement or other information.

 

This press release is not intended as a solicitation or recommendation to sell, buy or hold any securities and does not represent an offer or solicitation of an offer to purchase any securities in any jurisdiction, including the United States of America. Any such offer would be published solely in the form of a prospectus under applicable securities laws.

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CREALOGIX 
Media Relations Office
Email: media@crealogix.com
Phone: +41 58 404 87 65

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