Claranova : A very solid Q4, buoyed by digital applications FreePrints
>Q4 well ahead of our expectations, buoyed by digital activities - Yesterday evenings Claranova reported its Q4 2019-20 sales, which came in well ahead of our estimate and the consensus. Business over the period stood at € 101m, reflecting growth of 52% y-o-y in reported data and of 34% on an organic basis (ODDO BHF € 81m; consensus: € 83m). Specifically: PlanetArt (77%): buoyed by strong demand for FreePrints applications during lockdown periods, the division po...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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