Brief: Crealogix Holding FY Result Swings To Loss Of CHF 6.3 Mln

Crealogix Holding AG

02/08/2019 06:06

Aug 2 (Reuters) - Crealogix Holding AG  CLXN.S :
    * FY 2018/2019 SALES INCREASED BY 17% PER CENT TO CHF 101.9M
    * CREALOGIX RECORDS OVER CHF 100M IN SALES FOR THE FIRST TIME. THE SUCCESSFUL DOUBLING OF
THE
"SOFTWARE AS A SERVICE" (SAAS) REVENUE SHARE TEMPORARILY SLOWS PROFITABILITY.
    * TRANSITION TO HAVE POSITIVE EFFECT FROM 2020/21 FINANCIAL YEAR IN SOLID CASHFLOW AND
DOUBLE-DIGIT EBITDA MARGINS
    * FY LOSSES AMOUNTED TO CHF 6.3M (IN PREVIOUS YEAR, THERE WAS A NET PROFIT CHF 0.9M)
    * AT CHF 1.9M, FY PROFITABILITY (EBITDA) FELL BELOW PREVIOUS YEAR'S LEVEL (CHF 7M)

Source text for Eikon:  ID:nTENpvac2a 
Further company coverage:  CLXN.S 

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