This press release presents Group consolidated figures prepared on the basis of IFRS.
The consolidated financial statements for FY 2022-2023 are in the process of being audited by the statutory auditors.
The Board of Directors will meet on October 20, 2023 to approve the Group’s annual financial statements
“In just six years since its creation, Claranova has already crossed the half-billion euro milestone for revenue in FY 2022-2023, a truly remarkable accomplishment for a French technology company.
During this period, our efforts were focused primarily on increasing profitability with EBITDA growing 27% to €33m.
These excellent performances, despite continuing inflation, reflect the success of our efforts to optimize our costs and improve our customer acquisition channels, combined with strong subscription based sales from our software publishing division. Even our IoT division reached break-even for EBITDA for the first time since its creation.
The solid foundations laid over the last few years will allow us to continue to grow and prosper in the years to come and we have now entered a new growth cycle that should allow us to achieve an EBITDA margin[3]aiming at 10% in FY 2023-2024[4].”
Pierre Cesarini, Chairman-CEO of Claranova
[1] EBITDA (earnings before interest, taxes, depreciation and amortization) is a non-GAAP aggregate used to measure the operating performance of the businesses. It is equal to Recurring Operating Income before depreciation, amortization and share-based payments including related social security expenses and the IFRS 16 impact on the recognition of leases. Details on the calculation of EBITDA are provided in the Appendix.
[2] See Section “Financial position, borrowing conditions and financing structure” and Appendix 3 of this press release.
[3]Defined in terms of EBITDA as a percentage of revenue.
[4] Contingent on the Group’s ability to finance acquisitions already identified.
