Claranova: Q1 2023-2024 Revenue
08 Novembro 2023 - 2:30PM
Business Wire
- Q1 2023-2024 revenue: €91m
- Strong organic growth1 by Avanquest (+14%) and myDevices
(+61%)
- PlanetArt, a focus on profitability
Regulatory News:
Claranova (Paris:CLA):
This press release presents unaudited Group
consolidated revenue, prepared in accordance with IFRS.
"Our businesses performed well in Q1 2023-2024, despite the
effects of less favorable foreign exchange rate trends. Both
Avanquest and myDevices registered significant gains over the
period and surpassed their previous highs. And while PlanetArt's
sales experienced a downturn in the quarter largely reflecting the
adverse currency effects, by focusing on profitability we were
successful in improving the division's EBITDA from one year
earlier," commented Claranova's CEO, Pierre Cesarini.
Claranova reported Q1 2023-2024 (July-September 2023) revenue of
€91m, remaining steady year-on-year on a like-for-like basis (-5%
at actual exchange rates). Despite particularly adverse exchange
rate trends in Q1, revenue benefited from continuing gains by
Avanquest and myDevices, with like-for-like growth of 14% and 61%
respectively.
Revenue trends by division for Q1 2023-2024:
In €m
Jul. to Sep. 2023 (3
months)
Jul. to Sep. 2022 (3
months)
Change
Change at constant exchange
rates
Change at constant
consolidation
scope
Change at constant consolidation
scope and exchange rates
PlanetArt
60
68
-11%
-7%
-11%
-7%
Avanquest
29
27
+6%
+15%
+5%
+14%
myDevices
2
1.5
+50%
+61%
+50%
+61%
Revenue
91
96
-5%
0%
-6%
0%
PlanetArt: gains in higher-margin business
Building on the success of Q4 2022-2023, PlanetArt teams
continued to focus on improving profitability by stabilizing
customer acquisition costs and promoting higher-margin products. On
that basis, PlanetArt, also impacted by unfavorable exchange rates
(-11% at actual exchange rates), reported revenue of €60m. However,
benefiting from the measures taken to improve profitability and
reduce structure costs at the end of FY 2022-2023, the division's
Q1 EBITDA was up year-on-year.
Avanquest: revenue growth remains on track
Avanquest, the Group's software publishing division, reported
revenue of €29m, up from €27m a year earlier, with like-for-like
growth of 14% (+6% at actual exchange rates). This growth continues
to be driven by sales of its proprietary SaaS software (Soda PDF,
Adaware and InPixio), which now accounts for 87% of the division’s
revenue.
Bolstered by this positive trend, sales of proprietary SaaS
software grew 16% over the period to €25m. Non-core activities
accounted for €4m in revenue, down 31% over the period.
myDevices: the Group's IoT offering is gaining
momentum
For Q1 2023-2024, the Group's IoT division had revenue of €2m,
representing growth of 61% at constant exchange rates (+50% at
actual exchange rates). This good performance was accompanied by
growth in the number of partners (213 by the end of September
2023), as the division continues to ramp up the rollout of its IoT
solutions. As a result, Annual Recurring Revenue (ARR) rose by 21%
from Q1 2022-2023, with this positive momentum expected to continue
over the coming months.
Financial calendar: November 29, 2023:
General Meeting
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 Like-for-like (organic) growth defined as the increase in
revenue at constant consolidation scope and exchange rates.
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ANALYSTS - INVESTORS +33 1 41 27 19 74
ir@claranova.com
FINANCIAL COMMUNICATIONS +33 1 75 77 54 68
ir@claranova.com
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