“This first half-year confirms, once again, our strong growth momentum across all our divisions. In addition to these excellent figures, the strategy implemented over the past three years is now firmly established. This is illustrated by PlanetArt, which not only topped US$100 million in revenue in six months but more importantly has further strong growth prospects, both through geographic expansion and new product ranges.
Also, our Internet division doubled its revenue through acquisitions at the beginning of July 2018 as well as renewed organic growth, benefiting from initial synergies from its acquisitions. All these factors should contribute to a significant improvement in the division’s profitability.
As for myDevices, the division continues its deployment in the IoT world and should emerge as a key player in IoT solutions in the coming years. This excellent performance and this outlook clearly demonstrate Claranova’s ability to grow in all its markets at the same time”, commented Pierre Cesarini, CEO of the Claranova group.
Claranova group recorded growth across all activities in H1 2018-2019 (ended December 31, 2018), reporting consolidated revenue up 55% to €139.6 million (+54% at constant exchange rates). This surge was mainly driven by an acceleration in Group organic growth to +35% for the half-year (vs. +24% for the last full-year), and the consolidation, from July 1, 2018, of the Avanquest acquisitions, Upclick, SodaPDF and Adaware.
