공고 • Feb 23
Vencora Intends to Delist Crealogix Holding Vencora UK Limited, an indirect subsidiary of Canadian software provider Constellation Software Inc., said on February 22, 2024 that it has finalised the acquisition of Swiss financial software company Crealogix Holding AG, expanding its presence in the banking technology sector through the deal. Vencora now intends to squeeze out and delist the Swiss company. 공고 • Dec 03
Vencora Plans to Delist Crealogix Vencora, an indirect subsidiary of Canadian software provider Constellation Software Inc. will initiate on December 18 an offer to acquire all publicly held shares of Crealogix Holding AG for CHF 60 apiece, according to a prospectus published on December 1, 2023. The main offer period will run until January 18, 2024, subject to extensions. The deal, first announced in November, values Crealogix at CHF 84.3 million (USD 96.4 million/EUR 88.1 million) based on the total number of its issued shares. Following the offer, Vencora plans to delist Crealogix. 공고 • Nov 17
Vencora entered into definitive transaction agreement to acquire 75% stake in Crealogix Holding AG (SWX : CLXN) for CHF 63.2 million. Vencora entered into definitive transaction agreement to acquire 75% stake in Crealogix Holding AG (SWX : CLXN) for CHF 63.2 million on November 16, 2023. Under the terms, Transaction is unanimously recommended by CREALOGIX’s board of directors, and certain CREALOGIX shareholders holding in aggregate 51.66% have agreed to concurrently sell their shares in CREALOGIX to Vencora. Price Target Changed • Nov 09
Price target decreased by 13% to CHF61.00 Down from CHF70.20, the current price target is provided by 1 analyst. New target price is 23% above last closing price of CHF49.60. Stock is up 22% over the past year. The company posted earnings per share of CHF0.017 last year. 공고 • Oct 28
Crealogix Holding AG, Annual General Meeting, Oct 24, 2024 Crealogix Holding AG, Annual General Meeting, Oct 24, 2024. New Risk • Sep 17
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (4.3% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (CHF72.3m market cap, or US$80.6m). Reported Earnings • Sep 15
Full year 2023 earnings released: EPS: CHF0.02 (vs CHF12.18 loss in FY 2022) Full year 2023 results: EPS: CHF0.02 (up from CHF12.18 loss in FY 2022). Revenue: CHF90.2m (down 4.1% from FY 2022). Net income: CHF24.0k (up CHF17.0m from FY 2022). Profit margin: 0% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Revenue is forecast to stay flat during the next 2 years compared to a 8.0% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Breakeven Date Change • Apr 04
Forecast breakeven date moved forward to 2023 The analyst covering Crealogix Holding previously expected the company to break even in 2024. New forecast suggests the company will make a profit of CHF3.20m in 2023. Earnings growth of 67% is required to achieve expected profit on schedule. Reported Earnings • Mar 15
First half 2023 earnings released: EPS: CHF2.84 (vs CHF7.26 loss in 1H 2022) First half 2023 results: EPS: CHF2.84 (up from CHF7.26 loss in 1H 2022). Revenue: CHF50.4m (up 11% from 1H 2022). Net income: CHF3.93m (up CHF14.0m from 1H 2022). Profit margin: 7.8% (up from net loss in 1H 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. 공고 • Jan 24
Crealogix Holding AG to Report First Half, 2023 Results on Mar 14, 2023 Crealogix Holding AG announced that they will report first half, 2023 results on Mar 14, 2023 Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Jorg Zulauf was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Sep 22
Forecast to breakeven in 2024 The analyst covering Crealogix Holding expects the company to break even for the first time. New forecast suggests losses will reduce by 98% to 2023. The company is expected to make a profit of CHF739.5k in 2024. Average annual earnings growth of 116% is required to achieve expected profit on schedule. Reported Earnings • Sep 14
Full year 2022 earnings released: CHF12.18 loss per share (vs CHF2.92 loss in FY 2021) Full year 2022 results: CHF12.18 loss per share (further deteriorated from CHF2.92 loss in FY 2021). Revenue: CHF95.8m (down 12% from FY 2021). Net loss: CHF16.9m (loss widened 318% from FY 2021). Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Software industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year and the company’s share price has also fallen by 17% per year. 공고 • Sep 10
Crealogix Holding AG, Annual General Meeting, Oct 26, 2022 Crealogix Holding AG, Annual General Meeting, Oct 26, 2022. Breakeven Date Change • Sep 06
Forecast to breakeven in 2024 The analyst covering Crealogix Holding expects the company to break even for the first time. New forecast suggests the company will make a profit of CHF3.68m in 2024. Average annual earnings growth of 95% is required to achieve expected profit on schedule. 공고 • Aug 17
A Swiss group of investors agreed to acquire 67% stake in Swiss Learning Hub AG from Crealogix Holding AG (SWX:CLXN). A Swiss group of investors agreed to acquire 67% stake in Swiss Learning Hub AG from Crealogix Holding AG (SWX:CLXN) on August 17, 2022. The remaining shares can be acquired in future. Breakeven Date Change • Apr 27
Forecast breakeven date pushed back to 2024 The analyst covering Crealogix Holding previously expected the company to break even in 2023. New forecast suggests losses will reduce by 60% per year to 2023. The company is expected to make a profit of CHF3.91m in 2024. Average annual earnings growth of 95% is required to achieve expected profit on schedule. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. No independent directors (5 non-independent directors). Non-Executive Director Ruedi Noser was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 17
First half 2022 earnings: EPS in line with analyst expectations despite revenue beat First half 2022 results: CHF7.26 loss per share (down from CHF2.11 loss in 1H 2021). Revenue: CHF45.4m (down 14% from 1H 2021). Net loss: CHF10.1m (loss widened 244% from 1H 2021). Revenue exceeded analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 6.6%, compared to a 19% growth forecast for the industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. 공고 • Jan 28
Crealogix Holding AG to Report Q2, 2022 Results on Mar 15, 2022 Crealogix Holding AG announced that they will report Q2, 2022 results on Mar 15, 2022 Breakeven Date Change • Sep 24
Forecast to breakeven in 2023 The analyst covering Crealogix Holding expects the company to break even for the first time. New forecast suggests the company will make a profit of CHF4.12m in 2023. Average annual earnings growth of 85% is required to achieve expected profit on schedule. Board Change • Sep 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Ruedi Noser was the last director to join the board, commencing their role in 2018. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 공고 • Jun 25
Crealogix Holding AG Announces to Move into Highly-Modern and Sustainable Office Spaces in Zurich's Greencity Crealogix Holding AG announced that the company is this year moving into the highly-modern and sustainable office spaces in Zurich's Greencity. The new build, close to the city centre, offers plenty of space for healthy growth and, as a Swiss pilot project, was awarded the 2000-Watt area label. Is New 90 Day High Low • Jan 08
New 90-day high: CHF126 The company is up 5.0% from its price of CHF120 on 09 October 2020. The Swiss market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 9.0% over the same period. 공고 • Sep 22
Crealogix Holding AG (SWX:CLXN) acquired the AdviceManager product business from C1 Fincon GmbH for CHF 0.56 million. Crealogix Holding AG (SWX:CLXN) acquired the AdviceManager product business from C1 Fincon GmbH for CHF 0.56 million on October 5, 2012.
Crealogix Holding AG (SWX:CLXN) completed the acquisition of the AdviceManager product business from C1 Fincon GmbH on October 5, 2012. Is New 90 Day High Low • Sep 19
New 90-day high: CHF104 The company is up 10.0% from its price of CHF94.00 on 19 June 2020. The Swiss market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 8.0% over the same period. Reported Earnings • Sep 18
Full year earnings released - CHF8.75 loss per share Over the last 12 months the company has reported total losses of CHF12.1m, with losses widening by 89% from the prior year. Total revenue was CHF103.7m over the last 12 months, up 1.7% from the prior year. 공고 • Jul 21
Crealogix Holding AG to Report Fiscal Year 2020 Results on Sep 15, 2020 Crealogix Holding AG announced that they will report fiscal year 2020 results on Sep 15, 2020