Claranova - Building the foundations for profitable growth
In FY24, Claranova had a relatively stable year from a revenue perspective but expects to report a significant increase in profitability due to its focus on optimising customer acquisition spend and reducing controllable costs. With management continuing to expect an adjusted EBITDA margin of c 10% for FY24, we have raised our adjusted EBITDA forecasts by 2.2% in FY24 and 0.4% in FY25. The company expects to report the outcome of its ongoing strategic review when it reports FY24 results on 30 October.Claranova 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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