Annual sales exceed €500m, up 7%[1]
EBITDA[2] growth target between 25% and 30%[3] confirmed
“Claranova’s revenue reached an all-time high in FY 2022-2023, surpassing the €500m milestone for the first time with 7% year-on-year growth to €507m. All our subsidiaries are making progress and contributed to this record performance. This growth, initially expected to be around 10%, was impacted by the appreciation of the US dollar in the second half. However, we chose to place the priority instead on profitability, maintaining our target for a 25%-30% improvement in EBITDA and an EBITDA margin of 10% by FY 2024-2025. “
Pierre Cesarini, Chairman-CEO of Claranova.
[1] Change at actual exchange rates
[2] 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.
[3] Based on the average daily EUR/USD exchange rate from July 1, 2022 to March 27, 2023, i.e. 1.03
