Claranova: Higher growth but lower margin and still no Avanquest deal to date
As is often the case with Claranova, good news goes hand in hand with bad news. The good news is that the publication of sales figures for the 4th quarter 2019 is overall very good and higher than our expectations. The group sees its sales grow by 19% in organic terms and 80% in absolute terms thanks to the acquisition of Personal Creations (personalized products sold over the internet) in the US.
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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