CREALOGIX refocuses and separates from digital learning








Crealogix Holding AG / Keyword(s): Miscellaneous
CREALOGIX refocuses and separates from digital learning

August 17, 2022 / 07:00 CET/CEST
Publication of an ad hoc announcement pursuant to Art. 53LR
The issuer is solely responsible for the content of this announcement.


Ad hoc announcement pursuant to Art. 53LR

The Swiss Learning Hub employs around 50 people in Zurich. Their total contribution to the results of the CREALOGIX Group to date has been approximately 10% of total sales. The digital learning business was spun off into a separate subsidiary, Swiss Learning Hub AG, in 2019.

The majority shareholder is a Swiss investor group centered on blue8 AG, which is considering a “buy & build” growth strategy with its investment in the future. The transfer of 67% of the shares of Swiss Learning Hub AG will take place retroactively to August 1, 2022. The remaining shares can be acquired in the future. It has been agreed not to disclose the purchase price.

Oliver Weber, CEO of the CREALOGIX Group, points out: “CREALOGIX has its core competence in digital banking. With the sale of the majority stake, we underline our strategic direction. The Swiss Learning Hub will continue on its already successful path with the new investors.”

Urs Widmer, CEO of Swiss Learning Hub AG, is delighted with this new decision: “As the Swiss leader in EdTech, we are convinced that together with our investors and on the basis of a “build & buy” strategy, we can achieve strong growth both nationally and internationally.”

Ad hoc announcement pursuant to Art. 53LR (PDF)

CREALOGIX focuses on digital banking. In the logical implementation of this strategy, CREALOGIX sells the majority of its digital learning activity, which is operated by its subsidiary, Swiss Learning Hub AG. The majority acquisition by a group of Swiss investors is carried out within the framework of a management buy-out.

About CREALOGIX
The CREALOGIX Group is one of the top 100 Swiss fintech companies and a global market leader in digital banking. CREALOGIX develops and implements innovative fintech solutions for the financial institutions of tomorrow. With CREALOGIX solutions, banks, wealth management firms and other financial institutions better meet customers’ evolving digital transformation needs. The Group, founded in 1996, employs approximately 600 people worldwide. The shares of the CREALOGIX group (CLXN) are listed on the SIX Swiss Exchange

This press release contains forward-looking statements that do not provide any guarantee of future performance. These statements are based on information currently available to our management and on management’s current assumptions and forecasts. There are numerous risks and uncertainties, many of which are beyond our control, that could cause our actual results, financial condition and performance to differ materially from the forward-looking information and statements contained in this presentation. Each forward-looking statement speaks only as of the date of the particular statement, and CREALOGIX undertakes no obligation to update or revise any forward-looking statement or other information.

This press release is not intended to be a solicitation or recommendation to sell, buy or hold any securities and does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction. , including the United States of America. . Any such offer will be made only in the form of a prospectus published in accordance with applicable securities laws.


End of the ad hoc announcement


Language: English
Company: Crealogix Holding AG
Badenerstraße 694
8048 Zürich
Swiss
Call: +41442959041
E-mail: [email protected]
The Internet: www.crealogix.com
IS IN: CH0011115703
Listed: SIX Swiss Stock Exchange
EQS news ID: 1421969

End of announcement EQS News Service

1421969 August 17, 2022 CET/CEST

EQS 2022

All news about CREALOGIX HOLDING AG

2022 sales 102 million
107M
107M
Net income 2022 -15.7M
-16.6M
-16.6M
Net debt 2022 9.08M
9.55M
9.55M
PER 2022 ratio
2022 return
Capitalization 82.0 million
86.3 million
86.3 million
EV / Sales 2022 0.89x
EV / Sales 2023 0.79x
# of employees 572
Floating 40.2%

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Medium consensus HOLD
Number of analysts 1
Last closing price 59.00
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