Abraxas under the sign of strategy implementation
For Abraxas Informatik AG, 2014 was all about strategy development and implementation. According to the company, it invested heavily in new services and products.
The Abraxas Group's consolidated operating income of CHF 105.22 million was below the previous year's figure. Net income was also lower at CHF 5.17 million. The execution of large, innovative projects, the elaboration of the new corporate strategy and the development of new products and services tied up a lot of resources in 2014 and will continue to do so in 2015, according to the statement.
"There are two main factors that have negatively impacted Abraxas' results," explains Abraxas CEO Félix Mauron. "On the one hand, our business is changing from long-term pre-financing deals to projects that are paid for after completion. This leads to large fluctuations in long-term projects. On the other hand, the public sector is under great pressure to save money, which has not exactly lessened after the Swiss franc exchange rate was freed up. As a long-term partner, we support our customers in optimizing costs." At the same time, Félix Mauron is convinced that the new strategy will lead to Abraxas returning to the growth path in the medium term.
On the one hand, the company's new strategy focuses on the development of new products and services, for example in the areas of e-government as well as cloud and mobile computing. On the other hand, it provides for geographical expansion throughout Switzerland. In addition, the strategic strengthening of the sales organization has already been implemented with the creation of a new Sales and Business Development division.
