“Claranova in the News” provides monthly updates of the latest news about Claranova and its businesses by offering a selection of articles, videos and press releases published in the preceding month.
Café de la BOURSE: “5 European tech stocks worth buying?” – June 23, 2021 (in French)
Claranova was among five European companies in the European technology sector recommended by Café de la Bourse which also included Adyen, SES-imagotag, Focus Home Interactive and Hypoport. A ranking based notably on Claranova’s growth profile over the last five years with revenue in FY 2019-2020 of €409 million, up nearly 250% over this period.
Portzamparc: “An attractive risk/reward ratio” – July 1, 2021 (in French)
Portzamparc raised its price target from €10.80 to €11.20 and added Claranova to its convictions list for the second half of 2021.
“The efforts of the last few years have started to deliver and the results are becoming significant. The valuation is thus in our opinion particularly attractive. We have accordingly raised our target price (€11.2 vs. €10.8) and added Claranova to our Convictions list”.
Target price: €11.20 (vs. €10.80) – Buy
This analyst report is available to Portzamparc customers only.
Consensus at June 30, 2021
Stock price at June 30, 2021: €6.70
COVID-19 has led to a surge in e-commerce – June 15, 2021
The COVID-19 pandemic boosted online sales in 2020 according to initial estimates by UNCTAD (United States Conference on Trade and Development). In a report published in the beginning of May, the organization noted the “dramatic rise” in e-commerce amid widespread movement restrictions induced by COVID-19 across the globe. Online retail sales grew 22.4% in 2020, to US$2.495bn, compared to an increase of 15.1% between 2018 and 2019.
Claranova’s perspective: With growth of 55% by the personalized Group’s e-commerce activities (PlanetArt) for the first nine months of FY 2020-2021, Claranova fully benefited from the surge in online sales accelerated by the COVID-19 pandemic and is continuing to outperform the market.
GP Bullhound publishes its seventh annual report “Titans of Tech” – June 21, 2021
GP Bullhound, the technology advisory and investment firm, has released its seventh annual Titans of Tech report, charting the growth trends of Europe’s tech ecosystem in 2020.
A year marked by the strength of the sector, driven by the acceleration of the digital transformation of the economy during the pandemic. Out of Europe’s 166 Unicorns, 52 reached this status in 2020 as the number of billion-dollar companies has increased by 5x since the first “Titans of Tech” report was published in 2014. Over this same period, the aggregate value of this ecosystem increased ninefold to US$801bn today. This growth has been driven by a boom in mega-rounds that continued in the 2021 first quarter. Investments in tech stocks in Q1 2021 thus came close to the total for investments in all of 2020 (US$14.9bn in Q1 2021 vs. US$16.8bn for the 2020 full year).
Claranova’s perspective: In those business sectors where Claranova is a global leader, there were two IPOs in early 2021 by regional players who joined the group of European Unicorns (MoonPig Group PLC (MOON.L) in London, Desenio Group AB (DSNO.ST) in Stockholm), illustrating both the strength of the sector and the interest of investors.
Scale-Up Europe, an initiative to create 10 “Made in Europe” technology giants by 2030.
Launched on March 4 of this year, the Scale-Up Europe initiative supported by French President Emmanuel Macron, has brought together 200 tech founders, investors, not-for-profits and government officials to accelerate the emergence of European technology champions. Objective: create 10 technology giants worth €1bn each by 2030. This goal is supported by a series of recommendations defined and a manifesto published in June. The top priorities of this initiative on which these recommendations are based include notably:
- Strengthening the financing of tech companies in the advanced stages of their development (late stage funding, exit stage, IPOs)
- Simplifying the recruitment of talent at the European level and promoting diversity in the technology sector
- Catching up with the United States and China in the development of disruptive innovations (deeptech)
- Improving relations between large companies and European startups
Claranova’s perspective: starting with an initial investment of only a few dozen million euros, Claranova has become in just five years one of the rare publicly traded French technology groups with revenue approaching €500 million. As a signatory of the Scale-Up Europe Manifesto, Claranova fully supports the goals of this initiative.
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