This press release presents unaudited Group consolidated revenue, prepared in accordance with IFRS.
Claranova reported Q1 2024-2025 (July – September 2024) revenue of €89m, down marginally (-2% at actual exchange rates) from last year, mainly due to the disposal of Avanquest’s non-core activities which accounted for nearly €2m in Q1 2023-2024. On that basis, like-for-like[1] revenue for Q1 2024-2025 remained stable. This result does not yet reflect the positive impact of the first measures implemented under the new “One Claranova” roadmap. Nevertheless, in line with the Group’s strategy focused on profitability, the continuing development of key activities resulted in good first quarter performance.
Reflecting its commitment to create a more integrated Group, the recent acquisition of PlanetArt’s minority interests[2] has accelerated Claranova’s transformation into an operating company focused on its core businesses and paved the way for implementing the first operational synergies.
On that basis, Claranova reaffirms its targets for like-for-like CAGR of 5%-8%[3] and annual revenue of €575-625m by 2027[4], accompanied by an EBITDA[5] margin of 13%-15%. The target ratio of net financial debt to EBITDA also remains below 1x.
[1] Like-for-like defined as at constant exchange rates and consolidation scope. [2] Press release of November 11, 2024. [3] Excluding external growth. [4] FY 2026-2027. [5] EBITDA as a percentage of sales. EBITDA (earnings before interest, taxes, depreciation and amortization) is a non-GAAP aggregate used to measure the operating performance of the businesses. It equals Recurring Operating Income before the impact of IFRS 2 (share-based payment expenses), depreciation and amortization, and the IFRS 16 impact on the recognition of leases.
