Claranova: a strong set of H1 numbers, FY24 guidance reiterated
Yesterday evening, Claranova reported H1 FY24 aEBITDA 3% above expectations, driven by improving profit trends in all three businesses. As such, H1 aEBITDA soared 58% to EUR27.5m, representing a 360bp-margin improvement to 9.1%, which was the profitability level of H1 FY21. Against this strong firsClaranova SA, formerly Avanquest SA, is a France-based holding company engaged in the technology industry. The Company operates through three businesses including Avanquest Software, that develops, publishes and markets Personal Computer (PC) software products in several categories, including system utilities, home graphics, digital imaging and small business solutions; the PlanetArt business operates a print-on-demand platform, which features five brands covering both Website and mobile application technologies. Among its applications is FreePrints, a mobile photo printing solution for iOS and Android. The Company also operates through myDevices business, which enables enterprises to design, prototype and commercialize Internet of Things (IoT) solutions through Cayenne, a drag-and-drop IoT project builder. Claranova SA offers its products and services in approximately 100 countries worldwide.
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