Claranova reports third-quarter revenue growth
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PlanetArt parent company Claranova reported a nine-month turnover in 2023-2024 of €395 million.
“Claranova continues its recovery, with turnover increasing by +2% in the third quarter,” said Eric Gareau, Managing Director of Claranova. “This growth dynamic is driven by both a robust performance from Avanquest and myDevices, while PlanetArt continues to improve the effectiveness of its marketing investments. The efforts focused on profitability allow us to maintain our objective of operational profitability of around 10% for the 2023-2024 financial year. Claranova is now entering a new era. With renewed governance and management, as well as a rescheduling of its debt maturity, Claranova is well positioned to seize opportunities for profitable growth and create value for its shareholders. These priorities will be at the heart of the new strategic plan that we will unveil in the coming months.”
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% |