- 2% revenue growth1 in Q3 2023-2024
- Continuing growth by Avanquest (+8%) and myDevices
(+18%)
- EBITDA margin2 target for FY 2023-2024 maintained at around
10%
This press release presents unaudited Group
consolidated revenue, prepared in accordance with IFRS.
Regulatory News:
Claranova (Paris:CLA):
Revenue trends by division for Q3 2023-2024:
In €m
Dec. 2023
Jan. to Mar. 2024 (3
months)
Dec. 2022
Jan. to Mar. 2023 (3
months)
Change
Change at constant exchange
rates
Change at constant consolidation
scope
Change at constant scope and
exchange rates
PlanetArt
61
60
2%
-2%
2%
-2%
Avanquest
31
29
7%
8%
7%
8%
myDevices
2
2
18%
18%
18%
18%
Revenue
94
91
4%
2%
4%
2%
Revenue trends by division for the first nine months of
FY 2023-2024:
In €m
Jul. 2023
to Mar. 2024
(9 months)
Jul. 2022
to Mar. 2023
(9 months)
Change
Change at constant exchange
rates
Change at constant consolidation
scope
Change at constant scope and
exchange rates
PlanetArt
296
314
-6%
-3%
-6%
-3%
Avanquest
92
86
7%
12%
7%
12%
myDevices
7
5
48%
54%
48%
54%
Revenue
395
405
-2%
1%
-2%
1%
Eric Gareau, CEO of Claranova commented: "Claranova's
recovery remains on track with growth in revenue of 2% in the third
quarter. This positive momentum reflected strong performances by
Avanquest and myDevices, while PlanetArt continued to improve the
effectiveness of its marketing investments. By continuing to focus
on profitability, we expect to achieve our target for the EBITDA
margin of around 10% for FY 2023-2024. Claranova is now entering a
new chapter in its development. After renewing its governance and
management, and rescheduling the maturity of its debt, Claranova is
now well positioned to seize profitable growth opportunities and
create value for its shareholders, priorities that will be the key
focus of the new strategic plan to be unveiled in the coming
months."
PlanetArt: a new path for virtuous and profitable
growth
PlanetArt, the Group's the personalized e-commerce division,
reported Q3 revenue of €61m, down -2% (up +2% at actual exchange
rates), bringing total revenue for the first 9 months to €296m (-3%
at constant exchange rates and -6% at actual exchange rates). In
line with the Group's strategy, its teams continued their efforts
to improve the return on marketing investments.
Avanquest: a mature business model delivering an excellent
performance
Continuing the trend of the first half, Avanquest's quarterly
sales rose 8% to €31m (+7% at actual exchange rates). For the first
nine months, the software publishing division reported revenue of
€92m, up from €86m year on year, representing growth of 12% (+7% at
actual exchange rates).
On that basis, core activities which now account for 90% of the
division's sales (vs. 82% one year earlier) and consist of sales of
proprietary SaaS software, all registered growth over the period3
and notably + 38% for Adaware, +6% for Soda PDF software and +4%
for InPixio. This means that non-core activities now account for
only 10% of sales, or €9m at the end of March, 2024, down 43% over
the period.
myDevices: on course for profitability with a continuing
expanded range of solutions
myDevices, the Group's IoT division, reported Q3 sales of €2m,
up 18% (+18% at actual exchange rates) year-on-year. This
performance has benefited from revenue generated by deployments
with partner companies. As a result, for the first nine months,
revenue rose 54% to €7m (+48% at actual exchange rates).
At the end of March, 2024, myDevices had 210 partners and €3.4m
in annual recurring revenue (ARR), an increase of 10% (+5% at
actual exchange rates) from the first nine months of FY
2022-2023.
Financial calendar: August 1, 2024: FY
2023-2024 revenue October 30, 2024: FY 2023-2024 results
About Claranova:
As a diversified global technology company, Claranova manages
and coordinates a portfolio of majority interests in digital
companies with strong growth potential. Supported by a team
combining several decades of experience in the world of technology,
Claranova has acquired a unique know-how in successfully turning
around, creating and developing innovative companies.
Claranova has proven its capacity to turn a simple idea into a
worldwide success in just a few short years. Present in 15
countries and leveraging the technology expertise of its 800+
employees across North America and Europe, Claranova is a truly
international group, with 95% of its revenue derived from
international markets.
Claranova’s portfolio of companies is organized into three
unique technology platforms operating in all major digital sectors.
As an e-commerce leader in personalized objects, Claranova also
stands out for its technological expertise in software publishing
and the Internet of Things, through its businesses PlanetArt,
Avanquest and myDevices. These three technology platforms share a
common vision: empowering people through innovation by providing
simple and intuitive digital solutions that facilitate everyday
access to the very best of technology.
For more information on Claranova Group:
https://www.claranova.com
Disclaimer:
All statements other than statements of historical fact included
in this press release about future events are subject to (i) change
without notice and (ii) factors beyond the Company’s control.
Forward-looking statements are subject to inherent risks and
uncertainties beyond the Company’s control that could cause the
Company’s actual results or performance to be materially different
from the expected results or performance expressed or implied by
such forward-looking statements.
1 Change at constant scope and exchange rates
2 EBITDA as a percentage of revenue.
3 At constant exchange rates
CODES Ticker: CLA ISIN: FR0013426004
www.claranova.com
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version on businesswire.com: https://www.businesswire.com/news/home/20240507741390/en/
ANALYSTS - INVESTORS +33 1 41 27 19 74
ir@claranova.com
FINANCIAL COMMUNICATION +33 1 75 77 54 68
ir@claranova.com
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