“In a complex environment, fiscal year 2019-2020 has confirmed our growth strategy and the Group’s robustness. Our teams successfully overcame the operational and financial challenges of the past twelve months: integration of Personal Creations, transition of our software activities business model, commercial ramp-up of our IoT solutions, etc. This year was of course marked by a totally unprecedented health situation. However, the digital dimension of our activities and our Freemium and B2C9 business models enabled us to weather this period with confidence and join the elite group of companies capable of maintaining a strong growth trajectory during this pandemic“, commented Pierre Cesarini, CEO of the Claranova group.
The Claranova group continues its strong growth trajectory and closed the 2019-2020 fiscal year (July 2019 – June 2020) with consolidated revenue of €409 million, up 56% year-on- year, including 20% organic growth.
In an economic and health environment disrupted by the COVID-19 pandemic, Claranova reported revenue of €101 million in Q4 2019-2020 (April – June 2020) alone, up 52%, including 34% organic growth. Driven by the PlanetArt FreePrints apps and online sales of Avanquest proprietary software (PDF and Photo), the Group demonstrated its business resilience and the complementary nature of its business models in the final quarter, marking its 14th consecutive quarter of growth.
