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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
PlanetArt parent Claranova boosts revenue by 21% for the year News 

PlanetArt parent Claranova boosts revenue by 21% for the year

GaryPageau ,
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... Read More
PlanetArt acquires assets of personalized children’s book publisher, I See Me! Acquisitions 

PlanetArt acquires assets of personalized children’s book publisher, I See Me!

GaryPageau ,
PlanetArt, the personalized e-commerce division of Claranova, acquired certain assets of Minneapolis-based I See Me!® from the McEvoy Group in a move that signals the company’s deepening commitment to custom children’s products, the company said. I See Me! publishes more than 60 personalized children’s books, as well as other products for children, each of which can be customized via its website... Read More
PlanetArt parent Claranova reports six-month results up 25% Earnings reports 

PlanetArt parent Claranova reports six-month results up 25%

GaryPageau ,
French conglomerate and parent of PlanetArt Claranova reported revenue for the first half of fiscal 2020 of €278 million, up 25% at constant exchange rates. Reflecting the group’s exposure to North American and UK currencies which weakened against the euro, this period was significantly impacted by exchange rate fluctuations. Taking into account this impact, revenue grew 19% at actual exchange... Read More
Claranova reports first-quarter growth up 19% Earnings reports 

Claranova reports first-quarter growth up 19%

GaryPageau , , ,
Paris-based Claranova reported €90 million in revenue for the July-September 2020 quarter, up 19% (excluding Personal Creations and CafePress), maintaining strong growth momentum despite the continuing difficult economic and health conditions, the company said. Growth in Q1 2020-2021 included a negative currency effect of 4% reflecting the euro’s appreciation relative to currencies in North America where the Group has a... Read More