EDITORIAL

Ladies and Gentlemen,

As we look back over financial year 2017, a number of events and developments deserve special mention.

Firstly, we at the Aduno Group made some important strategic changes. Following the sale of the Acquiring and Terminals operation, the Aduno Group’s focus in its Payment division is now on the Issuing business. In this segment we again achieved gratifying growth in 2017 and we continue to see a great deal of potential here, in part because of our expertise in digital payment solutions. In addition, the Aduno Group acquired a majority stake in Contovista AG and thereby boosted its position in finance management and analytics. Here as elsewhere, by combining our abilities we can create added value for our customers.

The ongoing digital transformation of the Aduno Group is also worthy of mention. This was driven further forward and various digital services were introduced. Considerable resources were invested in preparing for and putting in place these digital initiatives. You will find more information on these matters in this Annual Report.

On 20 December 2017 the Board of Directors, on the basis of the results of an investigation by law firm Baumgartner Mächler, lodged a criminal complaint against two former members of the Aduno Group governing bodies for suspected criminal mismanagement. The resulting criminal proceedings of Canton Zurich public prosecutor’s office III elicited a great deal of media interest and are still under way. Presumption of innocence applies. The proceedings do not affect any of the current management.

We are pleased to be able to report that the Aduno Group continued on a successful financial path. We took advantage of the positive economic environment in the financial year 2017 to achieve solid sales and record net income.

The current economic backdrop and healthy prospects in this regard make us optimistic for the future. The conditions are right for a good 2018 for the Aduno Group. This year the main strategic focus will continue to be placed on the digital transformation. Among other things we will expand the digital service VisecaOne and will offer our customers other analytics services.

In 2017 our employees once again showed great commitment to the Aduno Group and thereby made possible a pleasing set of annual financial statements. We would like to thank them for this on behalf of the Board of Directors and the Executive Board. We would also like to thank our customers for their trust and their support. We continue to count on them.

Pascal Niquille
Chairman of the Board of Directors

Martin Huldi
Chief Executive Officer

Pascal Niquille
Chairman of the Board of Directors

Martin Huldi
Chief Executive Officer