This press release presents unaudited Group consolidated revenue, prepared in accordance with IFRS. Classification of myDevices and PlanetArt as non-current assets held for sale accounted for as a discontinued operation (IFRS 5).
Claranova reports 9-month revenue for FY 2024-2025 (July 2024 – March 2025), now refocused on Avanquest activities. The myDevices and PlanetArt divisions are no longer included in the Group’s scope of consolidation under IFRS 5, as they are currently being sold[2]. This quarterly performance thus prefigures the future scope of the Group as a software publishing pure player[3].
Avanquest reported revenue of €31m for the Q3 2024-2025 (January – March 2025), up 4% at constant exchange rates (+2% at actual exchange rates). After the sale of non-core businesses in Europe in October 2023, this performance is not affected by changes in the scope of consolidation. This growth was driven by the division’s developments in the Security segment, which achieved solid gains in the number of subscribers over the period. In addition, the particular focus on improving profitability is also having an impact on PDF and Safety.
Over the first 9 months of the fiscal year, revenue reached €91m, up 3% on a like-for-like basis (-1% at actual exchange rates, reflecting the impact of the divestment of non-core activities in FY 2023-2024). The percentage of revenue from proprietary software sold on a SaaS basis rose to €84m (+2%), representing 92% of total revenue (up from 89% last year). This increased share of higher value-added sales will contribute to growth in profitability for the full year.
Over the same period, sales from non-core activities fell to 8% of sales, or €7m at the end of March 2025 (versus €10m one year earlier).
Eric Gareau, Chief Executive Officer of Claranova commented: “Our performance in the third quarter of FY 2024-2025 reflects Claranova’s strategic transformation and highlights the strengths of our software publishing business. Our SaaS model is continuing to gain momentum and is a key driver for improving our profitability and increasing the company’s value. We are also actively working on finalizing the agreement to sell PlanetArt, with the aim of closing the sale before the end of June. Confident in our ability to advance to the next stage, we look to the future with resolve, motivated by a renewed ambition to build more profitable and sustainable growth. “
[1] At constant scope and exchange rates. [2] Because the myDevices division is henceforth considered as a non-core business, on November 5, 2024, Claranova tasked the investment bank, Canaccord Genuity, with the mission of selling this division. Similarly, on March 3, 2025 Claranova announced that it has entered exclusive negotiations with General Atlantic Credit’s Atlantic Park fund, with a view to selling its PlanetArt subsidiary. [3] Subject to the PlanetArt sale closing.
