“With record first-half revenue, Claranova furthers its position as a leading French technological group, capable of achieving a critical size of over €230 million in six months and pursuing tremendous international growth while recording profits. And all this in less than five years. We rapidly integrated Personal Creations, which largely contributed to our first-half growth. We are currently transforming our Internet division’s business model to make it more recurring and profitable, and the commercial ramp-up of our IoT division has begun. All these developments should enable us to continue growing profitably in the future”, commented Pierre Cesarini, CEO of the Claranova group.
Claranova group confirmed its strong growth trajectory in H1 2019-2020 (July-December 2019) with a +68% increase in consolidated revenue to €234.3 million, including €63.9 million from the personalized gifts business Personal Creations® acquired in August 2019. At constant scope, H1 revenue growth remained robust at +22% and +19% at constant exchange rates.
