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Financial release
20.03.2024
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H1 2023-2024 results

A record performance

  • H1 2023-2024 revenue of more than €300m
  • EBITDA up 67% at constant exchange rates to €27.5m with an EBITDA margin of 9.1%
  • Return to positive net income of €2.2m
  • Growth in cash flow to €29m and strong net cash inflows from operating activities of €72m
  • EBITDA margin target confirmed at around 10% for FY 2023-2024.

This press release presents Group consolidated figures prepared on the basis of IFRS.The statutory auditors are in the process of carrying out a limited review of the consolidated financial statements for H1 2023-2024.The Board of Directors will meet on March 26, 2024, to approve the Group’s interim financial statements.

H1 2023-2024 results are a testimony to the tremendous work accomplished by our teams over the past two years and the strength of our businesses, which have all, without exception, succeeded in significantly improving their profitability. This momentum resulted in a record performance by the Group with growth in EBITDA of 67% at constant exchange rates to €27.5m and a return to net profit.

These excellent results demonstrate the strength of the Group’s business model. Our focus on profitability is also reflected in our cash flow generation performance, with cash flow from operating activities up €24m to €72m.

This positive trend for first-half results enables us to confirm our EBITDA margin target at around 10% for FY 2023-2024.

Pierre Cesarini, Chief Executive Officer of Claranova

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Press release