Without PlanetArt, Claranova first quarter revenue is €24 million

After divesting its PlanetArt personalized products business, Claranova reports first-quarter revenue of €24 million, net profit improvements, and a reduction in debt of €100 million.

“We have just completed a year of strategic and structural transformation for our group,” said Eric Gareau, Chief Executive Officer of Claranova. “The sale of our personalized objects e-commerce business allows us to now focus exclusively on our more profitable SaaS software publishing activities while at the same time significantly strengthening our financial structure.

“During this transition period, the operational teams successfully managed marketing investments in a highly targeted manner to preserve profitability while maintaining a high level of revenue. Thanks to this precise management, we anticipate revenue of nearly €120m and operating profitability of 20% for FY 2024-2025 or double the level achieved by the Group prior to the sale of its PlanetArt subsidiary. In addition, our debt was reduced by more than €100m in relation to the last published amount at the end of December, from €153m to €48m, and our equity was restored to a very healthy position of €40m, significantly improving the Group’s risk profile

“And these remarkable performances are just the beginning. This transformation opens up a new chapter in our history. The Group is now fully prepared to accelerate its growth and actively deploy its solutions in the Security, PDF and Photo markets. Our technological solutions are well-positioned in high-potential segments, supported by a unique customer acquisition expertise and renewed investment capacity, to drive new gains in market share. We have also identified several levers to support this growth and improve our profitability.

“Confident in the future, we have set ambitious but realistic three-year goals for 2027-2028. These include targets for revenue between €150m and €160m, representing a CAGR of 8%-11% on a like-for-like basis, with an EBITDA margin of 23%-25%, while maintaining healthy debt levels and a net leverage ratio of close to zero. This ambition is now a reality. We are embarking on a carefully planned growth trajectory that will gradually transform Claranova into one of the most dynamic and profitable players in the software industry.”