Growth over the last year
3-year average growth
Based on the strong results obtained in fiscal year 2019-2020, Claranova confirms its ambition to achieve revenue of €700 million and EBITDA (1) margin in excess of 10% by fiscal year 2022-2023. This ambition is driven by the Group's ability to generate a strong and profitable growth on a continuous basis while maintaining a healthy financial structure, a lever for the Group’s future growth.
- Revenue (in € millions)
The Claranova Group closes its fiscal year 2019-2020 (July 2019 - June 2020) with consolidated revenues of €409 million, up 56%, including 20% organic growth. With nearly €150 million in additional revenues for the fiscal year, including €88 million from the acquisition of Personal Creations in August 2019, the Group passed the €400 million mark and continues its trajectory of strong growth.
- EBITDA (in € millions)
Strong business growth was accompanied by sustained profitability in a complex health and economic situation: EBITDA, the main indicator for monitoring the Group's operating performance, increased by +9% and reached €17 million.
- Cash flow from operating activities (in € millions)
Cash flow from operations increased fourfold over the year from €7 million to €29 million. This increase reflects the Group's strong growth (organic and external), the strong increase in FreePrints activity during the containment period and the specificity of its business model (B2C (2) distribution) which naturally evolves with negative working capital, including for the Personal Creations activities acquired at the beginning of the fiscal year.
- Net debt (in € millions)
The Group's financial position is sound and solid. The Group's net debt stands at €13.9 million at the end of the 2019-2020 financial year, with free cash flow of over €83 million and debt of €69 million. The Group preserves its financing capacity to continue its rapid development trajectory.
(1) EBITDA: earnings before the deduction of interest, taxes and duties, depreciation (but after provisions related to inventories and trade receivables), amortization and share-based payments, including related social security expenses
(2) BTC : Business-to-Consumer.