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Claranova sets June 27 for OGM to vote on sale of PlanetArt Acquisitions News 

Claranova sets June 27 for OGM to vote on sale of PlanetArt

GaryPageau ,
Following the recent announcement that PlanetArt parent Claranova was planning to sell the personalized products output business to focus solely on its software business, the company has announced the negotions with General Atlantic Credit’s Atlantic Park Fund and PlanetArt’s management team for the potential sale are progressing, but the terms and conditions have not yet been finalized.  Claranova’s objective remains to... Read More
Claranova reports 4% third-quarter growth on restated earnings report Earnings reports News 

Claranova reports 4% third-quarter growth on restated earnings report

GaryPageau ,
French imaging software publisher Claranova publishes its revenue for the first 9 months of the 2024-2025 financial year (July 2024 – March 2025) refocused on solely Avanquest activities. The myDevices and PlanetArt divisions are being sold, so they are no longer part of the group’s consolidation scope within the framework of the application of IFRS 5. Avanquest achieved revenue of... Read More
Claranova reported stable first-half sales and improved net income Earnings reports News 

Claranova reported stable first-half sales and improved net income

GaryPageau ,
PlanetArt parent Claranova reported €294 million in revenue for the first half of the 2024-2025 year, remaining stable year-over-year despite a shorter holiday sales period. EBITDA grew 23% to €33.6 million, driven by cost reductions and higher-margin products, improving the EBITDA margin to 11.4% from 9.3%. The company’s net income quadrupled to €9.6 million, aided by operating improvements and reduced... Read More
Claranova enters into exclusive discussions for potential sale of its PlanetArt Division Acquisitions News 

Claranova enters into exclusive discussions for potential sale of its PlanetArt Division

GaryPageau , ,
Claranova announced the company has entered into exclusive discussions with General Atlantic Credit’s Atlantic Park fund and the management team of PlanetArt for the potential sale of its PlanetArt division. This potential transaction would value the division at approximately $160 million US on a cash-free, debt-free basis (or approximately US $180 million of equity value, including excess cash and intercompany... Read More
Claranova stabilizes financial results for the first-half of the year Earnings reports News 

Claranova stabilizes financial results for the first-half of the year

GaryPageau ,
PlanetArt parent Claranova reported strong revenue for the first half of the 2024-2025 (July – December 2024) year of €294 million, holding steady compared to last year’s first-half like-for-like (-1% at actual exchange rates). The performance in H1 2024-2025 is all the more noteworthy given the unfavorable year-end holiday season calendar for the group’s key markets of the United United... Read More
Claranova reports strong shareholder support for new strategy News 

Claranova reports strong shareholder support for new strategy

GaryPageau ,
Claranova, the parent company of PlanetArt and Avantquest, reported strong shareholder support for it’s new “One Claranova” strategy, following its Dec. 4, general meeting. The company said 41.7% of the shares were represented at the meeting, one of the highest levels in recent years. During this meeting, which took place in a serene atmosphere, Eric Gareau, the recently appointed CEO... Read More
Claranova to buyout PlanetArt minority interests Acquisitions News 

Claranova to buyout PlanetArt minority interests

GaryPageau ,
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