CREALOGIX is a leading, global, digital banking engagement platform provider. Despite 17% revenue growth, FY19 EBITDA was slightly below our expectations at CHF1.9m as the company moves to a SaaS model faster than expected. The SaaS transition is expected to drag on results until FY21, before delivering a full year of benefit in FY22. We have lowered our forecasts and now anticipate 4% and 5% revenue growth in FY20 and FY21, with EBITDA of CHF2.6m and CHF4.7m respectively. Management also ann
16 Oct 2019
CREALOGIX Group - Seeing through the SaaS transition
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
CREALOGIX Group - Seeing through the SaaS transition
CREALOGIX Holding AG (CLXN:SWX) | 0 0 0.0%
- Published:
16 Oct 2019 -
Author:
Richard Williamson -
Pages:
20
CREALOGIX is a leading, global, digital banking engagement platform provider. Despite 17% revenue growth, FY19 EBITDA was slightly below our expectations at CHF1.9m as the company moves to a SaaS model faster than expected. The SaaS transition is expected to drag on results until FY21, before delivering a full year of benefit in FY22. We have lowered our forecasts and now anticipate 4% and 5% revenue growth in FY20 and FY21, with EBITDA of CHF2.6m and CHF4.7m respectively. Management also ann