Claranova : FY results and new strategic plan: good and less good
>Strong improvement in profitability over the financial year, in line with our expectations. Bottom-line still heavily penalised by one-off financial charges - Claranova has published 2023-24 results slightly above our expectations. For sales (already published) of € 496m, virtually stable at +1% org., normalised underlying operating profit (equivalent to an adj. EBITDA) stands at € 46m (vs ODDO BHF € 45m), up 41% y-o-y. This highlights a strong improvement in the mar...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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