With an income exceeding €10 million for the first time in its history, LuxTrust S.A. is feeling happy with last year’s financial performance.
The record earnings reflect a 9% increase on 2015, thanks to an established number of more than 525,000 recurring customers, 20% up on the year before. Sound and sustainable profitability has also been confirmed, with an EBITDA margin of 15.4%, and a net profit margin of 8.6%, said the company.
2016 was a key year for LuxTrust, with the implementation of its strategy for international development, coinciding with entry into force of the European regulation on electronic identification and trust services for electronic transactions in the internal EU market (eIDAS Regulation).
LuxTrust endorsed several initiatives throughout 2016 with a focus on augmenting its value-proposition to the market and to users, in Luxembourg and abroad. It has allowed LuxTrust to acquire new customers in segments other than its traditional banking and governmental sectors, while expanding the services delivered to incumbent pillar clients in Luxembourg.
By year-end 2016, LuxTrust offers an extended set of products and services spanning the entire eIDAS value-chain, from Mobile user-devices (LuxTrust Mobile, LuxTrust Scan), and advanced and qualified electronic signatures, to new trust services (eSeal, qualified timestamp), up to new value-added solutions such as a signature platform (SharePointTM).
“Now with more than 500,000 certificate subscribers, LuxTrust is already one of the largest trust services providers in Europe, and the only one to manage a national quali ed, trusted and multi-applicative ecosystem compliant with eIDAS. Combined with core competences of 50 permanent employees (up from 39 at end of 2015), and sound pro tability and liquidity pro les, the management of LuxTrust is extremely positive about the development opportunities and the positive outlook for the company”, said Pascal Rogiest, CEO of LuxTrust.
