“Our Group succeeded in returning to growth in H1 2022-2023 by delivering record sales despite adverse market conditions for the sector as a whole caused by pressure on raw material prices, increased transport costs and inflation, particularly in the United States.
These record sales were made by rebuilding our customer acquisition channels for PlanetArt and the strength of the SaaS business model, whose development is continuing for Avanquest.
Over the period, our profitability remained at a good level, reflecting marketing investments made in the first half in order to offset the seasonality effect of our businesses and to lay the foundations for a more profitable second half.
On this basis, we are expecting growth in annual revenue of 10% and an improvement in EBITDA of between 25% and 30% for FY 2022-20232.
In light of this renewed momentum, our prospects for the coming years remain very promising for the development of the entire Group. “
Pierre Cesarini, Chairman-CEO of Claranova.
[1]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. Details on the calculation of EBITDA are provided in the Appendix.
[2] Based on the average daily EUR/USD exchange rate from July 1, 2022 to March 27, 2023, i.e. 1.03