PlanetArt parent Claranova’s revenue up 39%
PlanetArt parent Claranova reported third-quarter revenue of €96 million, up 39% at constant exchange rates and 30% like-for-like from the same period last year. The boost reflected gains by the personalized e-commerce activities of PlanetArt, up 55% at constant exchange rates, and the return to growth by the software publishing activities Avanquest. Claranova reported revenue of €373 million for the first nine months (July 2020-March 2021) or growth of 28% at constant exchange rates and 20% like-for-like.
Revenue by division for Q3 2020-2021:
|
In €m |
Jan. to Mar. |
Jan. to Mar. |
Change |
Change at |
Change at const. |
Change at const. |
||||||
|
PlanetArt |
72 |
50 |
45% |
55% |
35% |
42% |
||||||
|
Avanquest |
23 |
22 |
4% |
7% |
4% |
7% |
||||||
|
myDevices |
1 |
1 |
-34% |
-28% |
-34% |
-28% |
||||||
|
Revenue |
96 |
73 |
31% |
39% |
24% |
30% |
Revenue by division for the first nine months of FY 2020-2021:
|
In €m |
Jul. 2020 to |
Jul. 2019 to |
Change |
Change at |
Change at |
Change at |
||||||
|
PlanetArt |
306 |
236 |
30% |
37% |
20% |
27% |
||||||
|
Avanquest |
65 |
68 |
-5% |
-1% |
-5% |
-1% |
||||||
|
myDevices |
3 |
4 |
-14% |
-8% |
-14% |
-8% |
||||||
|
Revenue |
373 |
307 |
22% |
28% |
14% |
20% |
PlanetArt: Q3 revenue up more than 50% at constant exchange rates
PlanetArt registered another quarter of very strong growth with revenue of €72 million, up 55% at constant exchange rates, the company said. This performance reflects both the successful integration of the Personal Creations businesses and the successful launch in the US market at the beginning of the year of FreePrints Gifts, the new mobile app in the FreePrints range for creating personalized gifts.
PlanetArt’s revenue exceeded €300 million (€306 million) for the first nine months of FY 2020-2021 with growth of 37% at constant exchange rates. On a like-for-like basis (at constant consolidation scope and exchange rates), PlanetArt’s revenue grew 27% over the period.