AI assistant
Crealogix Holding AG Earnings Release 2017
862_rns_2017-11-01_00f81e81-2b72-4ae8-a630-9ff1c95ca134.html
Earnings Release
Open in viewerOpens in your device viewer
National Storage Mechanism | Additional information
You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.
Edison Investment Research Limited
Edison issues outlook on CREALOGIX Group (CLXN)
01-Nov-2017 / 09:32 GMT/BST
London, UK, 1 November 2017
Edison issues outlook on CREALOGIX Group (CLXN)
CREALOGIX's strong momentum in FY17 reflects buoyant digital transformation trends across the European banking sector, notably in Germany, and the benefits of the group's recent heavy investment to extend the product offerings into wider international markets. Results outstripped expectations, leading us to upgrade our revenue forecasts by 6-7%, while EBITDA rises by 23% in FY18 and 11% in FY19. Given the attractive industry dynamics, and with CREALOGIX ideally positioned to capitalise, the shares look attractive on c 17x our FY20 EPS.
Following several years of heavy investment, CREALOGIX has established a highly attractive software proposition for banking sector digital transformation and the key components are in place to underpin strong revenue growth. Our DCF model suggests a valuation of CHF199-271 (WACC ranging from 8-10%, 10% CAGR over 10 years and 15% operating margins), which indicates significant upside potential.
Click here to view the full report.
All reports published by Edison are available to download free of charge from its website
www.edisoninvestmentresearch.com
About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
Edison is authorised and regulated by the Financial Conduct Authority.
Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.
For more information please contact Edison:
Richard Jeans +44 (0)20 3077 5700
Katherine Thompson +44 (0)20 3077 5730
Learn more at www.edisongroup.com and connect with Edison on:
LinkedIn https://www.linkedin.com/company/edison-investment-research
Twitter www.twitter.com/Edison_Inv_Res
YouTube www.youtube.com/edisonitv
Dissemination of a FINANCIAL NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
End of Announcement - EQS News Service
624069 01-Nov-2017