Claranova reports first-quarter growth up 19%
Paris-based Claranova reported €90 million in revenue for the July-September 2020 quarter, up 19% (excluding Personal Creations and CafePress), maintaining strong growth momentum despite the continuing difficult economic and health conditions, the company said. Growth in Q1 2020-2021 included a negative currency effect of 4% reflecting the euro’s appreciation relative to currencies in North America where the Group has a significant presence. Organic growth amounted to 23%.
Q1 2020-2021 revenue by division:
|
In € million |
Jul-Sept. 2020 |
Jul-Sept. 2019 |
Change |
Change at |
Change at |
|
PlanetArt |
69 |
48 |
+43% |
+29% |
+32% |
|
Avanquest |
20 |
21 |
-6% |
-6% |
-2% |
|
myDevices |
1 |
0.5 |
+100 % |
+100% |
+111% |
|
Revenue |
90 |
70 |
+29% |
+19% |
+23% |
PlanetArt continues to develop the mobile offer and ramp-up Personal Creations
PlanetArt delivered another quarter of strong growth, up 43% to €69 million. Excluding the acquisitions of Personal Creations and CafePress, revenue grew 32% compared to 30% in last year’s first quarter. The company says the momentum continues to be driven by the development of photo product sales generated by the FreePrints mobile applications in the United States and Europe with growth of nearly 30%.
This quarter also featured contributions from the personalized gifts business including Personal Creations, the FreePrints Gifts apps launched in the United States, and also CafePress, acquired in September 2020 and currently in the integration phase. These activities have grown by more than 50% at constant consolidation scope, with Personal Creations integrated on Aug. 1, 2019.