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Financial release
27.03.2019
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H1 2018-2019 results

Growth acceleration confirmed, with a strong increase in profitability in H1 2018-2019

  • Revenue up +55% to €140 million, including organic growth of +35%
  • Recurring operating income of €10.7 million (eightfold increase)
  • Increase in current profitability to 7.7% from 1.4%, thanks to incremental profitability of 19%
  • Net income, Group share of €1.6 million
  • 55% increase in cash flow from operating activities to €19 million
  • Five-year revenue goal of €600 million, with operating profitability above 10%

“Once again, we’ve reported strong revenue growth in the first-half of the year, with a very significant improvement in profitability. For the first time in many years, we report positive net income, boosted by the Group’s expertise in defining a strategic vision in all major technology domains and deploying new and innovative concepts and business models, with strong growth and profitability levers.

It is, however, only a first step – albeit a very important one – to have reached this level of revenue, growth and profitability in just three years. We’re still as confident in Claranova Group’s future prospects and we have high ambitions for the Group. We’re convinced that we can reach the €600 million revenue mark within five years, while exceeding 10% profitability, and make Claranova a European flagship in new technologies”, commented Pierre Cesarini, CEO of the Claranova Group.

Once again, Claranova Group has recorded excellent operating performance for the first-half of its fiscal year (July 1 to December 31, 2018), with revenue up +55% to €140 million. Recurring operating income is €10.7 million, or 7.7% of revenue, up 6.3 points year-on-year and an improvement of €9.5 million, or +731%.

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