CREALOGIX posted a strong performance in FY16, which follows a period of significant investment, with revenue growth of 28% and a return to profitability. EBITDA was significantly ahead of our expectations at CHF3.7m vs CHF1.4m forecasted. However, we are conservatively cutting our FY17 profit forecasts as the group’s recurring SaaS revenue book in the UK has been reduced by the fall in sterling and the growth outlook has been affected by uncertainties around Brexit. However, this is la
08 Nov 2016
On target in spite of sterling hit
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
On target in spite of sterling hit
CREALOGIX posted a strong performance in FY16, which follows a period of significant investment, with revenue growth of 28% and a return to profitability. EBITDA was significantly ahead of our expectations at CHF3.7m vs CHF1.4m forecasted. However, we are conservatively cutting our FY17 profit forecasts as the group’s recurring SaaS revenue book in the UK has been reduced by the fall in sterling and the growth outlook has been affected by uncertainties around Brexit. However, this is la