OpenLimit Holding AG reported earnings results for the nine months 30 September 2015. Turnover increases in the first nine months of 2015 by 10% to EUR 4.55 million compared to EUR 4.14 million a year ago. The EBITDA was EUR 1.10 million was again positive and was significantly higher than the previous years compared to EUR 0.69 million a year ago.

The financial loss of EUR 0.31 million was more negative than the previous year's loss of EUR 0.22 million. This was due primarily to exchange rate losses resulting from the strong Swiss franc as well as the somewhat higher interest charge arising from the issuing of convertible loans and the use of working capital financing. After the Swiss National bank took the surprising step of giving up the minimum CHF/EUR minimum exchange rate on 15 January 2015, the franc rose considerably and has since been trading just above parity to the euro.

After considering tax expense of EUR 0.06 million, the net loss of EUR 1.19 million for the period 1 January to 30 September 2015 was therefore 18% improved over the same period last year compared to EUR 1.45 million a year ago. The operating loss improved by 30%, increasing from EUR 1.18 million to EUR 0.83 million.