- Sales mounted by 28%, with net sales increasing to CHF 35.8 million.
- EBITDA improved to CHF 4.1 million.
- Income from licence agreements rose by 48% from 11.9 to 17.6 million.
- The Digital Banking Hub was strengthening international business.
- The share of international sales is up to 50%.
- The group confirmed its targets for the entire financial year 2016/2017.
Development of sales and results
Thanks to the intensification of its activities on an international level, the CREALOGIX Group is continuing the positive development of the 2015/2016 financial year. In the first half-year it recorded strong sales growth of 28 per cent, rising to 35.8 million (previous year: 27.9 million). At the same time, EBITDA improved markedly to plus CHF 4.1 million, compared to CHF 0.1 million in the same period the previous year. During this same period, the group recorded better than average figures in new licences granted. This enabled income from licence agreements to rise by 48 percent from CHF 11.9 million to CHF 17.6 million.
Focus on the domestic market
The Group was able to start working with promising new clients between July and December 2016. CREALOGIX and the Notenstein La Roche Private Bank launched their collaboration in the autumn. Existing partnerships were taken to the next level; last year Baloise Bank SoBa, Raiffeisen and VZ Depot Bank introduced the latest release of the Digital Banking Hub. This period also saw Avaloq-Sourcing, formerly B-Source, together with its Swiss clients UBS-SFS, Gazprombank and Banque du Léman, taking steps towards CREALOGIX’ next generation of digital banking. Also at the forefront of the increased activities are the interactive and Software-as-a Service (SaaS)-based learning platforms that CREALOGIX Digital Learning developed together with its partners in finance and other industries. The CREALOGIX multi-finance platform NOVA simplifies Swiss payment transactions and is already being used as a platform-based service by key accounts in Switzerland and throughout Europe.
Internationally acclaimed performance
The global market sees CREALOGIX as an established partner for FinTech solutions. Independent experts are praising the company's innovative strength. CREALOGIX UK was recognised in the "Systems in the City Awards 2016", achieving the prize for “Best Web Development” with the latest implementation of the Digital Banking Hub – which includes possibilities for brokerage. Over 1,200 representatives of the FinTech industry shared CREALOGIX's vision that the digital banking of tomorrow can be experienced. "The ARCs" saw the Virtual Reality Banking App achieve Best of Show 2017 at FinovateEurope in London. These successes on an international level are reflected in the CREALOGIX Group's sales figures. For the first time, the proportion of sales is evenly spread across the Swiss market and the international market, with each accounting for 50 per cent.
Outlook
Despite the challenging environment (i. e. effects of the BREXIT decision on the financial industry) the targets outlined in September for financial year 2016/2017 are being met, due to the assessment of the situation as a whole. Although the volume of the second half year might not quite attain the level of the first half year, CREALOGIX expects for the entire financial year double-digit sales growth and a significant higher EBITDA in comparison with the period 2015/2016.
