“Claranova reported full-year revenue of €474 million for FY 2021-2022, successfully holding its ground during an unprecedented market environment marked by the Ukrainian conflict and new marketing restrictions on customer targeting for our PlanetArt division, curtailing growth for all its businesses. Despite these challenges, PlanetArt was able to stem the decline in Q4 revenue thanks to the agility and know-how of its teams and continue to outperform the competition. In addition, our diversified business mix further adds to our resilience, and notably Avanquest’s strong growth momentum, with revenue exceeding €100 million in FY 2021-2022, up 18% year-on-year. Also highlighting this trend, annual revenue for the IoT1 business rose 36% at actual exchange rates to €5 million, which included nearly €2.5 million in annual recurring revenue (ARR2), up 75% at June 30, 2022.
Of course, economic developments like higher raw material prices and increased customer acquisition costs for our main division, will, as expected, temporarily weigh on our short-term profitability. Nevertheless, we remain confident in our ability to rapidly return to growth, and confirm our goal for an EBITDA margin above 10%3 in FY 2022-2023. This is because the markets addressed by our divisions remain structurally strong and continue to offer solid growth prospects“, commented Pierre Cesarini, CEO of Claranova.
Claranova reported annual revenue of €474 million for FY 2021-2022, successfully holding its ground during unprecedented economic conditions combining the effects of new marketing constraints for PlanetArt activities (changes to customer targeting process following the introduction of Apple’s new iOS) and pressure on prices following the conflict in Ukraine. Thanks to its agility and diversified business mix, Claranova was able to deliver a strong performance in Q4 2021-2022 with revenue of €102 million, up 4% from last year’s same period). This last quarter also includes initial effects of the internal marketing adjustments made to improve customer targeting by the PlanetArt division and the positive trend for Avanquest software publishing activities and myDevices Internet of Things businesses, up respectively 9% and 107% at actual exchange rates compared with Q4 2020-2021.
