“Claranova continues its growth trajectory, with revenue exceeding €300 million in the first nine months of 2019-2020. In this third quarter, the Group’s activities continued to grow, despite lockdown measures in many countries. Claranova remains protected by its business model, which focuses on online acquisition of B2C customers using freemium business models.
Despite the potential impact on our results of the highly seasonal nature of our personalized gifts business (mothers’ and fathers’ day, graduation, etc.), we have observed a significant upsurge in downloads of our FreePrints apps and our Avanquest software in recent weeks. This trend confirms Claranova’s considerable resilience and its ability to continue its strong growth by acquiring new customers around the world, thereby guaranteeing our future outlook.
I would like to warmly thank our teams, whose extraordinary commitment and capacity to adapt have enabled us to achieve these exceptional results in such unusual times“, commented Pierre Cesarini, CEO of the Claranova group.
The Claranova group reports revenue of €307.3 million for the first nine months of 2019-2020 (July 2019 – March 2020), up +57%, with organic growth of +15%. This revenue increase of over €100 million in nine months demonstrates the resilience of the Group’s activities in a complex economic and health environment, marked in the third quarter (January 2020 – March 2020) by the launch of lockdown measures in the countries where the Group operates. In this context, Claranova successfully capitalized on the surge in online consumption and maintained its strong growth trajectory. Q3 revenue grew +30% to €72.6 million, with organic growth of +7%, at a time when many companies are facing a major economic crisis.
