Claranova: Beyond the positive impact of Covid-19
As anticipated, Claranova reported record sales in Q2 2020. Benefiting from a stay-at-home effect following the Covid-19 crisis for its mobile photographic printing activities (Planetart division), the group posted a 52% increase in sales in absolute terms and 35% on a like-for-like basis. While this spike in activity in its main division is largely exceptional, it also reflects a new dynamic in consumption that should, in our opinion, be sustainable.
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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