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Claranova to buyout PlanetArt minority interests Acquisitions News 

Claranova to buyout PlanetArt minority interests

GaryPageau , 0 comment
Claranova announces the acquisition of Société Commune Européenne de Participation (SCEP) by its subsidiary PlanetArt Holdings Inc., thereby enabling it to own 100% of PlanetArt LLC. The transaction is being financed by a €20 million loan obtained by Claranova Development SARL from Cheyne Capital on the same terms (interest rates, guarantees, acceleration clauses, covenants) as the €108 million loan arranged... Read More
Claranova embarks on “One Claranova” strategy to boost growth Earnings reports 

Claranova embarks on “One Claranova” strategy to boost growth

GaryPageau ,
PlanetArt parent Claranova announced its new strategic roadmap to enter a new era of profitable growth called “One Claranova.” The strategy “marks a decisive step towards an integrated group focused on operational excellence and profitability. By optimizing its assets, leveraging its international scale, fostering innovation and data, Claranova will strengthen its leadership by focusing on its core activities to create... Read More
Claranova recognized for reducing carbon footprint News 

Claranova recognized for reducing carbon footprint

GaryPageau ,
PlanetArt parent company Claranova announced it obtained the Gold level for its carbon footprint, awarded by Greenly, an international benchmark in carbon emissions measurement and management. This ranking places Claranova in the top 5% of companies assessed. By implementing an action plan to reduce its carbon footprint and carrying out a detailed greenhouse gas assessment integrating Scopes 1, 2 and... Read More
Claranova management announce share purchases News 

Claranova management announce share purchases

GaryPageau ,
PlanetArt parent company Claranova announced several members of its management team recently increased their stake in the company’s capital through share purchases on the market. Eric Gareau , CEO of Claranova and Avanquest, acquired 50,000 shares on Sept. 26, 2024, bringing his total stake to 153,689 shares. Xavier Rojo , Administrative and Financial Director of Claranova, acquired 25,993 shares on... Read More
Claranova reorganizes management team News People on the Move 

Claranova reorganizes management team

GaryPageau
PlanetArt parent Claranova, fresh off the announcement of a new CEO, reported a reorganization of its management team, all of whom will be part of the Group’s executive committee and will report to the CEO Eric Gareau: Xavier Rojo is appointed Administrative and Financial Director, after having been Deputy Managing Director, thus strengthening the company’s financial function. Isabelle Frenette is... Read More
Claranova announces Canadian shareholders withdraw legal proceedings News 

Claranova announces Canadian shareholders withdraw legal proceedings

GaryPageau
PlanetArt parent Claranova announced it reached an agreement with its two Canadian minority shareholders, Michael Dadoun and Daniel Assouline, under which the latter agreed to withdraw today, without any compensation, the two separate legal proceedings (appeal and on merits) that were pending against the company. This decision follows recent governance and management changes at Claranova, including the appointment of Dadoun... Read More
Claranova reports third-quarter revenue growth Earnings reports 

Claranova reports third-quarter revenue growth

GaryPageau , ,
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... Read More
Eric Gareau appointed CEO of Claranova News People on the Move 

Eric Gareau appointed CEO of Claranova

GaryPageau , ,
PlanetArt parent Claranova, a leading global technology company, announces the appointment of Eric Gareau as CEO, effective immediately. Gareau succeeds Pierre Cesarini, who is leaving the company. Gareau has been Chief Executive Officer of Avanquest, Claranova’s software publishing and distribution division, since 2021. He successfully led Avanquest’s transition to a subscription sales business model, making the company the main contributor... Read More
Claranova refinances, names Marc Goldberg as chairman News People on the Move 

Claranova refinances, names Marc Goldberg as chairman

GaryPageau ,
PlanetArt parent company Claranova announced the appointment of Marc Goldberg, as its new Chairman of the Board of Directors, effective immediately. Goldberg succeeds Francis Meston, who resigned to retire from the board of directors. The Board of Directors also accepted the resignation of Roger Bloxberg from his mandate as director, but he remains the Managing Director of the PlanetArt unit.... Read More
Claranova reports first half sales exceed €300 million Earnings reports News 

Claranova reports first half sales exceed €300 million

GaryPageau ,
PlanetArt parent Claranova reports half-year sales exceeded €300 million, with a normalized operating profit up 67% at constant rates to €27.5 million for an operating margin of 9.1%, with a net result of €2.2 million “The results for this first half of 2023-2024 demonstrate the tremendous work carried out by the teams for almost two years and the vigor of... Read More
Claranova annual sales up 7% to all time high Earnings reports 

Claranova annual sales up 7% to all time high

GaryPageau ,
PlanetArt parent Claranova surpassed the half-a-billion euro milestone for the first in the fiscal year 2022-2023. Total revenues were €507 million, lead by the Avanquest division. “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... Read More
Claranova expects profitability to improve this year Earnings reports 

Claranova expects profitability to improve this year

GaryPageau ,
PlanetArt parent Claranova reported revenue for the first half of the fiscal year (July 2022-December 2022) of €315 million, up 12% at actual exchange rates. This performance was driven by double-digit growth in all business segments. But Claranova reported a net loss of for the first half of €4.5 million “Our Group succeeded in returning to growth in H1 2022-2023... Read More
Claranova reports flat annual results News 

Claranova reports flat annual results

GaryPageau ,
PlanetArt parent company Claranova reported revenue for fiscal year ending June 2022 of €474 million, up 1% at actual exchange rates and down 5% at constant exchange rates (-7% like-for-like). In an unprecedented economic context that worsened in the second half, like other companies, the group was impacted by a rise in cost prices caused by increased marketing investments reflecting... Read More
PlanetArt parent Claranova reports stable growth Earnings reports 

PlanetArt parent Claranova reports stable growth

GaryPageau ,
Paris-based conglomerate Claranova, the parent company of PlanetArt, reports first-half revenue was stable at €281 million (up 1% at actual exchange rates and down 2% at constant exchange rates), with second-quarter revenue of €193 million (up 3% at current exchange rates). “As anticipated at the beginning of the year, Claranova gradually returned to growth in Q2 2021-2022,” declared Pierre Cesarini,... Read More