“Claranova had a good first half in FY 2023-2024 (July-December 2023), with revenue of €301m (+1% at constant exchange rates), driven by a strong second quarter, and despite the impact of unfavorable exchange rate fluctuations (-4% at actual exchange rates). The positive momentum of the Avanquest and myDevices businesses at the beginning of the year has remained on track, resulting in growth in the first half of 14% and 78% respectively compared with H1 2022-2023. PlanetArt, in line with Q1, reported revenue of €235m, down 3% (-8% at actual exchange rates), but without entailing concessions on acquisition costs.
This half-year performance highlights the Group’s decision to maintain its focus on profitability. As a result, higher-margin revenue generated by the PlanetArt division and continued growth by the activities of Avanquest and myDevices are expected to contribute to a significant increase in Claranova’s EBITDA of more than 50% for the first half[1] compared with the same period of FY 2022-2023″
Pierre Cesarini, Claranova CEO.
