Wednesday, March 23, 2016

Crealogix growing briskly – financial and economic

Foreign business helps the digital banking specialists to more growth than expected. The profitability is within reach.

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The Swiss Bankensoftware- and IT service Crealogix the first half better (end of December) cut off as a self-provided. Sales were 16% increased to nearly 28 million francs. Following a loss in the same period last year of 6.3 million Swiss francs to step Ebitda this now is just positive. Also, the operating loss was significantly, to 1.5 million Swiss francs, reduced (previous year:. -7.6m Fr)

The positive revenue development proceeds according to Chief Financial Officer Rolf Lichtin to the growing demand of. banks for additional modules and solid growth abroad, especially in Great Britain, back. Crealogix has invested in recent years strongly in foreign markets and is now 37% beyond the Swiss border to. In the medium term, the company wants to make every second franc abroad.

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