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Financial release
04.08.2021
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FY 2020-2021 revenue

Strong top line growth with a significant increase in profitability expected for the year

  • Annual revenue of €472 million, up 21% at constant exchange rates and +14% like-for-like
  • Q4 revenue stable at €98 million, after an exceptionally dynamic last quarter of FY 2019-2020 when strict lockdown measures were in force
  • EBITDA expected to increase nearly twofold for the year

Claranova continued to benefit significantly from the digital transformation of the economy that has been accelerated by the COVID-19 pandemic. In this environment, the Group thus registered another year of strong growth and confirmed the resilience of its businesses and the strength of its global and diversified approach to the technology sector. With annual revenue of €472 million, up more than 20% at constant exchange rates, Claranova continued its trajectory of solid and controlled growth that, as in the first half, is expected to be accompanied by a significant improvement in operating profitability of nearly twofold for the period.

Bolstered by these results achieved despite the complex environment, we remain fully confident that the Group will meet its target for €700 million in revenue and an EBITDA margin of more than 10% by 2023“, commented Pierre Cesarini, CEO of Claranova.

Claranova ended FY 2020-2021 (July 2020-June 2021) with €472 million in revenue, once again illustrating its growth potential with a 21% increase in revenue (+14% like-for-like). Excluding the currency effect, revenue, that is generated primarily in US dollars and British pounds, reached €496 million, without impacting operating margins. The Group’s growth has in consequence been sustained, as the health crisis continued to bolster activity for companies in the technology sector over the last year.

After a particularly dynamic fourth quarter in the previous fiscal year boosted by strict lockdown measures then in force, in this year’s last quarter (April-June 2021) the Group was successful in maintaining sales at a solid level of €98 million, up 1% at constant exchange rates.

The Group also continued to focus on maximizing the profitability of its businesses in the second half. In consequence, as in the first half, this controlled growth in revenue should be accompanied by a significant improvement in operating profitability that is expected to nearly double over the full year. The expected increase in EBITDA includes the conversion of aid provided by the US government in FY 2019-2020 under the Paycheck Protection Program (PPP) by certain US subsidiaries into a grant. The total amount of this aid of nearly US$5 million was accordingly forgiven by the US government at the end of the year.

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