Claranova: A wake-up call
The net profit of 8.5 million euros published for the first half of fiscal year 06/2021 was not a surprise. Claranova had already communicated the doubling of its operating profit at the time of the turnover publication. However, the company's share price has risen by more than 20% in two sessions. Some people have suddenly discovered the strong profit and growth dynamics of the world leader in photo printing from mobile and have begun to question its undervaluation.
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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