FY18 revenues grew by 13.1% at constant currencies (guidance was 10–15%), to CHF87.1m (we forecast CHF88.1m). EBITDA eased by 4.2% to CHF7.0m (we forecast CHF11.8m), mainly driven by the switch to SaaS. We have updated our forecasts for the trading news along with the acquisition of 80% of Elaxy Business Solution & Services (Elaxy BS&S) that was announced early last month. We have cut our EPS forecasts by 50% in FY18, 46% in FY19 and by 31% in FY20, with the trading news outweig
28 Aug 2018
CREALOGIX Group - SaaS switch depresses margins
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CREALOGIX Group - SaaS switch depresses margins
FY18 revenues grew by 13.1% at constant currencies (guidance was 10–15%), to CHF87.1m (we forecast CHF88.1m). EBITDA eased by 4.2% to CHF7.0m (we forecast CHF11.8m), mainly driven by the switch to SaaS. We have updated our forecasts for the trading news along with the acquisition of 80% of Elaxy Business Solution & Services (Elaxy BS&S) that was announced early last month. We have cut our EPS forecasts by 50% in FY18, 46% in FY19 and by 31% in FY20, with the trading news outweig