Investors
Analysts

Katherine Thompson - Buy | TP: € 13.80
- Profitable growth in H121 - Apr 7, 2021
- Managing supply and demand - Feb 12, 2021
- Demand held up in Q121 - Nov 5, 2020
- On track for strong earnings growth - Oct 15, 2020
- Strong finish to the year - August 13, 2020
- Claranova lockdown drives FreePrints user growth - May 15, 2020
- Factoring in potential COVID-19 risks - Apr 15, 2020
- Q2 boosted by Personal Creations contribution - Feb 12, 2020
- Raising growth targets - Oct 3, 2019
- Clear path to profitability - Sep 10, 2019

Johann Carrier - Buy | TP: € 9.5
- Exceptional H1 results! - Apr 1, 2021
- Record profitability expected in H1 after good sales - Feb 11, 2021
- A good Q1 to start off FY 2020/21 - Nov, 5 2020
- Solid results and positive outlook - Oct 1, 2020
- Slowdown in organic growth in Q3 - May 15, 2020
- A B2C digital model preserved for the moment... - Apr 2, 2020
- Organic growth still above +20% - Feb 12, 2020
- Profitable Growth and FCF now positive - Oct 2, 2019
- The FreePrints / Photobooks Cash Machine - Jan 28, 2018
- A reconfigured group focused on value creation - May 26, 2016

Nicolas Thorez - Buy | TP: € 10
- Strong improvement in the H1 2020-21 results - Apr 1st, 2021
- Claranova is holding up against several headwinds (pandemic, forex, logistics tensions) [...] - Feb 11, 2021
- Encouraging start to the year despite limited visibility on Q2 - Nov 4, 2020
- Results holding up well despite several operational challenges - Sept 30, 2020
- A very solid Q4, buoyed by digital applications FreePrints - Aug 11, 2020
- Disappointing Q3 in terms of organic growth, though it cannot be extrapolated - May 14, 2020
- H1 driving growth - Limited direct impact from COVID-19 - Apr 2, 2020
- Lacklustre Q2: strong contribution from Personal Creations, but organic growth slows - Feb 12, 2020
- Solid results, offset by exceptionals and the treatment of minority interests at at the internet divisjon - Target price adjusted to €11.3 € vs €12.0 - Oct 2, 2019
- Equity report – Initiating coverage - "Catch me if you can" - May 24, 2019