“For the fourth year running since my arrival, the Group has reported substantial growth over the past 12 months – the surge in Group revenue at constant scope in four years has been impressive, as it almost trebled. This growth is now driven by three high potential businesses, each focused on a strategy, that is now, I believe, tried and tested. Claranova is currently one of the rare French tech companies focused on the promising Internet, mobile and IoT sector, to exceed full-year revenue of €150 milllion and we’re sure this growth will continue in coming years”, commented Pierre Cesarini, CEO of the Claranova group.
The Claranova group exceeds the €160 million full-year revenue mark and confirms its strong growth momentum with consolidated 2017-2018 revenue (July 1, 2017 – June 30, 2018) of €161.5 million, up 32% at constant exchange rates.
This performance was driven by an excellent fourth quarter, marked by growth surpassing an already strong full-year revenue trends.
Q4 saw the Group confirm the relevance of its business model and accelerate its growth momentum. This upward trend should strengthen further in the coming months, with the consolidation from July 1, 2018 of the Canadian companies acquired by the Avanquest division. Had these Canadian companies been consolidated in the Avanquest division from July 1, 2017, Group revenue would have totaled €183.6 million.