CREALOGIX Group sharpens its focus on the financial industry
September 07, 2012 | by Crealogix Holding AG
Reading time: 2 minutes
September 07, 2012, The CREALOGIX Group shifted the focus of its activities more towards the financial industry in the 2011/2012 business year (1 July 2011 to 30 June 2012). The success of its Bank 2.0 products resulted in an increase in sales in this market segment in spite of the continuing financial and banking crisis in Europe. However, this was not enough to compensate for the drop in sales resulting from disinvestments and the negative effects of the euro. Despite suffering a 6 percent decline in sales overall, the Group recorded an attractive EBIT margin of 8 percent.
Adjusted for the now completely discontinued activities in the ERP business area, during the past business year the CREALOGIX Group achieved encouraging growth of 6 percent in its preferred target markets, European financial institutions, in spite of the difficult market conditions. The Group also generated significantly more than 50 percent of its sales through products for the first time, marking its transition from a pure service provider to a software company serving the financial sector. Moreover, the past year has seen CREALOGIX establish itself as a provider of e-banking solutions in Germany. CREALOGIX generated 20 percent of its operating revenue outside Switzerland in the 2011/2012 business year.
CREALOGIX has charged all the development costs for its new “Bank 2.0” online and mobile banking products to the current accounting period.
At CHF 49.5 million, the operating revenue of the CREALOGIX Group fell around 6 percent below the previous year’s figure of CHF 52.8 million. Operating profit (EBIT) amounted to CHF 4.2 million (previous year: CHF 5.1 million) and net profit came to CHF 3.2 million (previous year: CHF 4.7 million).
CREALOGIX will publish its full annual results and the Annual Report on 28 September 2012 to coincide with the annual accounts press conference.
media contact:
CREALOGIX Holding AG Baslerstrasse 60 CH-8066 Zürich Tel. 058 404 80 00 Fax 058 404 82 65
Bruno Richle Präsident des Verwaltungsrats und CEO bruno.richle@crealogix.com Tel. 058 404 80 80
Dagmar Boy Head Corporate Communications dagmar.boy@crealogix.com Tel. 058 404 80 86
Editor's note: Image rights belong to the respective publisher.
Conclusion of this article: « CREALOGIX Group sharpens its focus on the financial industry »
Source: Crealogix Holding AG, Press release