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Financial release
04.11.2020
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Q1 2020-2021 revenue

Another quarter of strong growth: +29%

  • Q1 2020-2021 revenue: €90m
  • Solid growth momentum: +29% (23% like-for-like)
  • PlanetArt delivers an excellent performance with revenue of €69m (+43%)

Within an environment as complex as ever, the Group is continuing to achieve strong growth, with revenue in the quarter of €90 million, up nearly 30%. With the second wave of the pandemic and renewed lockdowns in most countries where we operate, the Group remains fully focused on ensuring that this momentum remains on track. Even though our businesses have demonstrated resilience since the beginning of the pandemic, we remain vigilant in the face of this unprecedented situation, especially for the second quarter of our fiscal year as a period of significant activity for the Group. Despite these uncertainties, I remain fully confident in the strength of our businesses and the ability of our teams to maintain our track record of strong and profitable growth“, commented Pierre Cesarini, CEO of Claranova group.

Claranova reported €90 million in revenue for the first quarter of FY 2020-2021 (July-September 2020), maintaining strong growth momentum despite the continuing difficult economic and health conditions. Excluding the impact of the acquisitions of Personal Creations and CafePress, integrated respectively in August 2019 and September 2020, revenue for the Group rose 19%. Growth in Q1 2020-2021 included a negative currency effect of 4% reflecting the euro’s appreciation relative to currencies in North America where the Group has a significant presence. Like-for-like (organic) growth, defined as at constant exchange rates and consolidation scope, amounted to 23%.

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