Claranova annual sales up 7% to all time high
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“Claranova’s revenue reached an all-time high in FY 2022-2023, surpassing the €500 million milestone for the first time with 7% year-on-year growth to €507 million, said Pierre Cesarini, Chairman-CEO of Claranova. “All our subsidiaries are making progress and contributed to this record performance. This growth, initially expected to be around 10%, was impacted by the appreciation of the US dollar in the second half. However, we chose to place the priority instead on profitability, maintaining our target for a 25%-30% improvement in EBITDA and an EBITDA margin of 10% by FY 2024-2025. ”
Annual revenue trends by division for FY 2022-2023:
|
(in € million) |
Jul. 2022 to Jun. 2023 (12 months) |
Jul. 2021 to Jun. 2022 (12 months) |
Change |
Change at |
Change at |
Change at |
||||||
|
PlanetArt |
383 |
366 |
4% |
0% |
4% |
0% |
||||||
|
Avanquest |
116 |
102 |
14% |
12% |
9% |
6% |
||||||
|
myDevices |
8 |
5 |
57% |
46% |
57% |
46% |
||||||
|
Revenue |
507 |
474 |
7% |
3% |
6% |
2% |
Annual revenue trends by division for Q4 2022-2023:
|
In €m |
Apr. to Jun. |
Apr. to Jun. 2022 |
Change |
Change at |
Change at scope |
Change at |
||||||
|
PlanetArt |
68 |
76 |
-10% |
-5% |
-10% |
-5% |
||||||
|
Avanquest |
30 |
26 |
16% |
21% |
10% |
15% |
||||||
|
myDevices |
3 |
2 |
98% |
92% |
98% |
92% |
||||||
|
Revenue |
102 |
103 |
-1% |
3% |
-3% |
2% |
PlanetArt: a second half focused on improving profitability
PlanetArt, the personalized objects e-commerce subsidiary, reported annual revenue of €383 million, up 4% at actual exchange rates from the same period last year (stable at constant exchange rates). The less favorable currency effect impacted second-half revenue. PlanetArt’s teams preferred to focus improving the division’s profitability over the period by stabilizing or even reducing customer acquisition costs and selling higher-margin products. These measures contributed to a significant improvement in margins in Q4, resulting notably in revenue and profitability evenly spread out over the full year, whereas historically revenue has been largely concentrated in the first half.
Efforts to rebuild customer acquisition channels paid off in the period, with FreePrints returning to customer acquisition levels similar to those experienced before the introduction of Apple’s App Tracking Transparency, the company said.
Avanquest, the group’s software publishing division, maintained strong momentum in Q4 with revenue of €30m, up 16% at actual exchange rates and 15% like-for-like.
Annual revenue for myDevices, the IoT (Internet of Things) division is approaching the €10m milestone, ending the period up 57% at actual exchange rates (+46% at constant exchange rates) at €8 million.