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| Current report |
| The past business year was shaped by massive and
enduring changes that were not foreseeable in their
magnitude before the start of 2008. The necessary
restructuring measures were manifestly more cost intensive
than budgeted. For the fi rst time in our twelve-year
company history we must confront our shareholders
with a loss.
In the subsequent reports on the business areas, three
points will be examined in detail.
Splendid Core Business:
Our E-Business area, which today generates some twothirds
of CREALOGIX Group revenue, achieved a record
operative result in the year under review of CHF 7.2 million
EBIT with a margin of 17 percent.
Restructuring of the Business Area ERP:
The CIRCON Group had to accept increasing losses due
to the negative development of its Fashion Business,
which comprises one quarter of ERP revenue and lay
below expectations. With the sale of the entire Fashion
Business in Switzerland and Germany on 25 July 2008,
the primary loss generator in the ERP segment could be
eliminated.
Streamlining the Organisation:
Four sites have been consolidated to a central location in
Zurich. The business area School Administration Software
with its product CLX.Evento (formerly Balzano Informatik
AG) has been fully integrated into CREALOGIX AG.
The sound parts of the former CIRCON business were
concentrated under CREALOGIX ERP in essential form.
Following successful completion of the restructuring
we are convinced that we are now considerably more
strongly positioned than we were one year ago. |
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| Half year report per 31.12. |
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