PlanetArt parent Claranova boosts revenue by 21% for the year

Claranova ended the fiscal year with €472 million in revenue, once again illustrating its growth potential with a 21% increase in revenue. Excluding the currency effect, revenue, which is generated primarily in US dollars and British pounds, reached €496 million, without impacting operating margins. The group’s growth has in consequence been sustained, as the health crisis continued to bolster activity for companies in the technology sector over the last year.

The company’s PlanetArt division continued its strong growth. PlanetArt had annual revenue of €380 million. Excluding currency effects and after eliminating contributions from acquisitions (CafePress and Personal Creations), Claranova’s personalized e-commerce division continued to deliver growth of 18%. Personal Creations also confirmed its positive momentum with like-for-like growth of more than 20%, the company said.

PlanetArt achieved a solid top-line performance in Q4 2020-2021 with €75 million in revenue, up marginally by 1% at constant exchange rates. This moderate increase can be explained by the sharp increase in activity in the last quarter of the prior year when strict lockdown measures were first adopted, the company said. The group is expecting a gradual return to more robust growth in H1 2020-2021 though for which the timing and pace will depend on the evolution of the health situation and the possible adoption of new lockdown measures.

 

Revenue trends by division for FY 2020-2021:

Revenue trends by division for Q4 2020-2021: