Capellen, 8 May 2018 – LuxTrust S.A., the qualified trust service provider and certified European trusted third party, has today announced a 10% increase in sales in 2017 compared with 2016, delivering profitable growth and now looking to international clients outside the Grand Duchy of Luxembourg.
With sales of over EUR 10.7 million, an operating margin of more than 10.5% and a skilled workforce of over 50 employees, LuxTrust S.A. has established itself as one of Europe’s leading trust service providers.
Since 2016 LuxTrust S.A. has made no secret of its ambition to grow internationally by capitalising on the EU’s eIDAS regulatory framework, which has been in place since 2016 and should enable the company to extend its trust services across Europe. With a strategy based on high-added-value solutions and the quality, absolute security and legal responsibility of its services, LuxTrust has made considerable investments over the last two years. In 2017, the company made solid progress by registering new users and clients not only in Luxembourg but also abroad, thereby successfully exporting its message of “enabling a digital world” to new industrial sectors and new geographical areas.
With its European expansion in mind, in October 2017 LuxTrust delivered the first legally binding electronic signature of a European Union regulatory text. A few weeks later, LuxTrust was chosen by the European Commission’s Directorate-General for Health and Food Safety, following an international call for tenders, to provide e-signature and associated electronic identity management solutions in TRACES, the software the Commission uses to digitally manage all imports of animals, plants and food to and within Europe. Used in over 80 countries, the LuxTrust products and services integrated into TRACES will therefore be delivered to all the people and organisations involved in the corresponding import chain, in order to ensure comprehensive, secure and legally binding digital management. LuxTrust also secured other international contracts in various sectors in 2017, and these will be communicated in the months ahead.
“Since 2016, we have been entirely focused on client satisfaction and making sure our products meet market expectations, without losing sight of the need to innovate. With the world in the midst of a digital transition, our clients and users, quite rightly, want us to provide effective and comprehensive solutions. We now have a large range of products that enable us to manage the entire digitalisation chain: from remote identification to document management solutions for electronic signatures and seals – solutions based on trust services that go right up to the highest level, known as ‘qualified’. This product range enables us to adapt our end-to-end solutions to suit the needs of our clients. That’s how we have been able to win contracts like the one with the DG for Health and Food Safety,” explains Pascal Rogiest, CEO of LuxTrust S.A.
LuxTrust expects to be in the headlines again in the weeks ahead with a brand new mobile app, a signature platform already in beta mode that combines multiple signatures and seals for natural and legal persons, and new trust services for managing and transferring personal data in compliance with the new GDPR rules.