Claranova: FY 2024-2025 9-Month Revenue
Avanquest revenue trends:
Avanquest reported revenue of €31m for the Q3 2024-2025 (January - March 2025), up 4% at constant exchange rates (+2% at actual exchange rates). After the sale of non-core businesses in Europe in October 2023, this performance is not affected by changes in the scope of consolidation. This growth was driven by the division's developments in the Security segment, which achieved solid gains in the number of subscribers over the period. In addition, the particular focus on improving profitability is also having an impact on PDF and Safety.
Over the first 9 months of the fiscal year, revenue reached €91m, up 3% on a like-for-like basis (-1% at actual exchange rates, reflecting the impact of the divestment of non-core activities in FY 2023-2024). The percentage of revenue from proprietary software sold on a SaaS basis rose to €84m (+2%), representing 92% of total revenue (up from 89% last year). This increased share of higher value-added sales will contribute to growth in profitability for the full year.
Over the same period, sales from non-core activities fell to 8% of sales, or €7m at the end of March 2025 (versus €10m one year earlier).
Claranova revenue trends:
* FY 2023-2024 revenue restated for the PlanetArt and myDevices divisions
Eric Gareau, Chief Executive Officer of Claranova commented: " Our performance in the third quarter of FY 2024-2025 reflects Claranova's strategic transformation and highlights the strengths of our software publishing business. Our SaaS model is continuing to gain momentum and is a key driver for improving our profitability and increasing the company's value. We are also actively working on finalizing the agreement to sell PlanetArt, with the aim of closing the sale before the end of June. Confident in our ability to advance to the next stage, we look to the future with resolve, motivated by a renewed ambition to build more profitable and sustainable growth. "
Financial calendar:
July 31, 2025: FY 2024-2025 revenue
October 29, 2025: FY 2024-2025 results
About Claranova:
Claranova is a global leader in e-commerce for personalized objects (photo prints, photo books, children's books, etc.) and software publishing (PDF, Photo and Security). As a truly international group, in 2024 it reported revenue of nearly a half a billion euros, with 95% of this amount originating from outside France.
Through its products and solutions sold in over 160 countries, the Group's mission is to " Transform technological innovation into user-centric solutions". By leveraging its digital marketing expertise, AI and the analysis of data from over 100 million active customers worldwide, Claranova develops technological solutions, available online, on mobile devices and tablets, for a wide range of private and professional customers.
Operating in high-potential markets, the Group will pursue a growth strategy focused on profitability and operational excellence, in line with its "One Claranova" strategic roadmap.
Claranova is eligible for French 'PEA-PME' tax-advantaged savings accounts
For more information on Claranova Group:
https://www.claranova.com or https://twitter.com/claranova_group
Disclaimer:
All statements other than statements of historical fact included in this press release about future events are subject to (i) change without notice and (ii) factors beyond the Company's control. Forward-looking statements are subject to inherent risks and uncertainties beyond the Company's control that could cause the Company's actual results or performance to be materially different from the expected results or performance expressed or implied by such forward-looking statements.
Definitions and calculation methods for alternative performance indicators:
'Like-for-like' (organic) growth is defined as the change in revenue at constant structure (scope of consolidation) and exchange rates. 'Exchange rate effects' are calculated by applying year N-1 exchange rates to year N revenue. 'Consolidation scope effects' are calculated by taking into account acquisitions in the current year, contributions to the current year from acquisitions in the previous year up to the anniversary date of acquisitions and businesses deconsolidated in the current year, minus any contributions from the previous year. By definition, sales for the previous year plus the effects of changes in Group scope of consolidation, exchange rate effects and like-for-like growth for the period correspond to sales for the current year. Percentages for exchange rate effects, Group consolidation scope effects and like-for-like growth are calculated on the basis of the previous year's sales.
Appendix
R evenue trends including divisions being sold
(For information only)
Revenue trends by division for Q3 2024-2025:
Revenue trends by division for the first nine months of FY 2024-2025:
In €m
Jul. 2024
to Mar. 2025
(9 months)
Jul. 2023
to Mar. 2024
(9 months)
Change
Comparable consolidation scope
Change at constant exchange rates
Change at constant consolidation scope
Change on a like-for-like basis
PlanetArt
297
296
0%
-1%
0%
-1%
Avanquest
91
92
-1%
0%
1%
3%
myDevices
6
7
-8%
-8%
-8%
-8%
Revenue
395
395
0%
-1%
0%
0%
Expand
_________________________________
1 At constant scope and exchange rates
2 Because the myDevices division is henceforth considered as a non-core business, on November 5, 2024, Claranova tasked the investment bank, Canaccord Genuity, with the mission of selling this division. Similarly, on March 3, 2025 Claranova announced that it has entered exclusive negotiations with General Atlantic Credit's Atlantic Park fund, with a view to selling its PlanetArt subsidiary.
3 Subject to the PlanetArt sale closing
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Business Wire
31-07-2025
- Business Wire
Vivendi: Results for the First Half of 2025
PARIS--(BUSINESS WIRE)--Regulatory News: Yannick Bolloré, Chairman of Vivendi's (Paris:VIV) Supervisory Board, and Arnaud de Puyfontaine, Chief Executive Officer, said: 'Vivendi reported strong results for the first half of 2025. Our revenues increased by 8%, and EBITA improved by €47 million compared to the first half of 2024. This positive momentum reflects in particular the ongoing transformation of Gameloft, whose strong performance stands in contrast with the current trend in the video game sector. We also reduced corporate costs by €13 million and benefited from an increase in our share of the net earnings of Universal Music Group (UMG) of €14 million. During this first half of the year, we continued to optimize our portfolio of investments. The sale of almost all our TIM's shares marks our withdrawal from the telecoms sector, which is no longer a core business for us, and enables us to achieve a significant reduction in our financial net debt. In addition, the Group now owns more than 13% of Lagardère following the conclusion of the subsidiary offer of the takeover bid initiated on this company in 2022. True to our mission, we are pursuing the development of our activities in the content, media and entertainment industries, while continuing to manage our portfolio of investments and exploring new opportunities for value creation.' Comments on earnings This press release contains unaudited condensed financial results for the first half of 2025, established under IFRS 1, which were approved by Vivendi's Management Board on July 28, 2025, reviewed by Vivendi's Audit Committee on July 28, 2025, and by Vivendi's Supervisory Board on July 30, 2025. For the first half of 2025, Vivendi's revenues were €145 million, an increase of €11 million compared to the first half of 2024 (+8.4% at constant currency and perimeter). This increase reflects the good performance of Gameloft. For the same period, EBITA was €18 million, compared to -€29 million for the first half of 2024. EBITA included the following contributions: Gameloft: +€8 million (compared to -€12 million for the first half of 2024), an increase of €20 million (see below); Corporate: -€52 million (compared to -€65 million for the first half of 2024), an improvement of €13 million mostly due to recurring operating savings and favorable non-recurring effects; and Vivendi's share of the net earnings of UMG accounted for under the equity method: €62 million (compared to €48 million for the first half of 2024), an increase of €14 million. ____________________ 1 As a reminder, in accordance with IFRS 5, income and charges from distributed entities following the Vivendi spin-off on December 13, 2024, i.e., Canal+, Havas, Lagardère and Prisma Media, as well as income and charges from other discontinued entities, i.e., festival and ticketing activities, are reported as follows: their contribution until the date of their effective disposal to each line of Vivendi's Consolidated Statement of Earnings (before non-controlling interests) has been reported on the line 'Earnings from discontinued operations'; these adjustments have been applied to all periods presented to ensure consistency of information; and the share of net income has been excluded from Vivendi's adjusted net income. These adjustments were made in respect of data from the Consolidated Statements of Earnings and Cash Flows. Expand For the first half of 2025, earnings attributable to Vivendi SE shareowners amounted to a profit of €30 million (or €0.03 per share - basic), compared to €159 million for the first half of 2024 (€0.16 per share - basic). For the first half of 2024, it included the capital gain on the sale of festival and international ticketing activities (+€106 million) and the net earnings (before minority interests) of Canal+, Havas and Louis Hachette Group for an aggregate amount of +€93 million. These positive items were partially offset by the financial consequences of the settlement agreement entered into on June 28, 2024, with all institutional investors which put an end to the litigation relating to the Group's financial communications in the early 2000s (-€95 million). Dividends received from non-consolidated companies were €64 million in the first half of 2025 (€66 million for the first half of 2024). They included dividends from MediaforEurope (€30 million), Banijay Group (€29 million) and Lagardère (€5 million). As a reminder, in 2024, Lagardère's dividend was eliminated as an intra-group flow, as Lagardère was fully consolidated until December 13, 2024. In addition, for the first half of 2024, dividends from non-consolidated companies included the dividend from Telefonica (€9 million). As of June 30, 2025, the Financial Net Debt amounted to €1,768 million, compared to €2,573 million as of December 31, 2024; borrowings amounted to €1,940 million, compared to €2,647 million as of December 31, 2024; and cash, cash equivalents and cash management financial assets amounted to €172 million, compared to €74 million as of December 31, 2024. European Commission statement of objections On July 25, 2023, the European Commission announced that it had opened a formal investigation to determine whether, when acquiring Lagardère, Vivendi SE breached the notification requirement and standstill obligation set out in the EU Merger Regulation, as well as the conditions and obligations attached to the Commission's decision to approve the Vivendi/Lagardère transaction. On July 18, 2025, the European Commission sent a statement of objections to Vivendi regarding a potential early implementation of the takeover transaction of Lagardère SA. The Commission takes the preliminarily view that Vivendi breached three provisions of Regulation (EC) No 139/2004 on the control of concentrations by implementing the takeover of Lagardère SA before notifying the transaction (in breach of Article 4(1) of the Regulation), before obtaining authorization (Article 7(1)), and before the Commission's approval of the purchasers of the assets divested as remedies, Editis and Gala (Article 8(2)). This statement of objections initiates the adversarial phase of the proceedings, providing Vivendi with the opportunity to present all factual and legal arguments that, in its view, should justify clearing it of any wrongdoing and the closing of the proceedings. At this stage, according to this statement of objections, the Commission is considering imposing fines on Vivendi for these breaches under Article 14(2) of the aforementioned Regulation, pursuant to which the Commission may impose fines not exceeding 10% of the global turnover of the sanctioned company. Autorité des Marchés financiers (AMF) decision On April 22, 2025, the Paris Court of Appeal annulled the decision of the Autorité des Marchés financiers (AMF), the French securities regulator, on November 13, 2024, to the extent that it found that Bolloré SE did not control Vivendi SE, ruling that Mr. Vincent Bolloré controls Vivendi SE and accordingly instructing the AMF to reassess whether a public buyout offer for Vivendi SE shares must be launched. Bolloré SE and Vivendi SE filed appeals before the French Supreme Court against the decision of the Paris Court of Appeal on April 28 and 30, 2025, respectively. The hearing before the French Supreme Court is scheduled for November 25, 2025. On July 18, 2025, the AMF determined that the Bolloré Group and Mr. Vincent Bolloré are required to launch a public buyout offer for Vivendi SE within six months. The AMF stated that it would ensure the offer does not close until after the French Supreme Court has issued its ruling. Bolloré SE filed an appeal before the Paris Court of Appeal seeking the annulment of this decision. Vivendi SE also filed an appeal with the same objective. Co-optation of Mr. Bernard Osta to the Supervisory Board On July 30, 2025, Vivendi's Supervisory Board decided to co-opt Mr. Bernard Osta (see biography before the appendices) to replace Mr. Philippe Labro, who passed away on June 4, 2025, effective as of that date and for the remainder of the latter's term, i.e., until the Annual General Shareholders' Meeting to be called to approve the 2026 financial statements. This co-optation will be submitted for ratification at the next General Shareholders' Meeting. Financial comments on Gameloft For the first half of 2025, Gameloft's revenues were €143 million, an increase of 8.4% at constant currency and perimeter compared to the first half of 2024. This amount included €65 million for the PC/console segment and €71 million for the Mobile segment. PC/console revenues represented 45% of Gameloft's total revenues, representing an18.0% increase at constant currency and perimeter compared to the first half of 2024. Mobile revenues represented 50% of Gameloft's total revenues, remaining stable at constant currency and perimeter compared to the first half of 2024. Disney Dreamlight Valley, Asphalt Legends Unite, Disney Magic Kingdoms, March of Empires, and Disney Speedstorm were the five best-selling games for the first half of 2025 and represented 57% of Gameloft's total revenues. For the first half of 2025, Gameloft's EBITA was €8 million, a significant improvement of €20 million compared to the first half of 2024. Due to the resilience of its catalogue, the strong performance of Disney Dreamlight Valley and the implementation of its cost reduction plan, Gameloft has achieved its objective of structural profitability. Excluding restructuring charges, EBITA increased by €15 million (€8 million compared to -€7 million for the first half of 2024). For additional information, please refer to the 'Financial Report and Unaudited Condensed Financial Statements for the Half-Year ended June 30, 2025' to be released tonight (Paris time) on Vivendi's website ( About Vivendi Since its creation, Vivendi has established itself as a player in content, media and entertainment, developing a portfolio of both listed and unlisted assets, each a leader in its market. Vivendi owns 100% of Gameloft, a world-renowned video game publisher that successfully develops multi-platform games for consoles, PCs, and mobile devices. Vivendi's asset portfolio includes minority stakes in leading publicly traded companies: Universal Music Group and Banijay Group in content and entertainment, and MediaForEurope and Prisa in media and telecommunications. In addition, Vivendi owns a stake in the publishing and travel retail sector with Lagardère and a residual stake in telecoms with TIM in Italy. Leveraging its strategic and economic expertise, Vivendi anticipates global dynamics and participates in the transformations of the sectors in which the group operates, notably the digital revolution and new consumer uses of content. Vivendi supports value-creating companies, offering sustainable prospects and a positive contribution to the evolution of our society. Guided by a long-term vision and a constant drive for innovation, the group relies on experienced teams to identify and support sustainable growth projects. Corporate Social Responsibility (CSR), a commitment made in 2003, is at the heart of Vivendi's strategy and shapes each of its decisions. Important Disclaimers Cautionary Note Regarding Forward-Looking Statements. This press release may contain forward-looking statements with respect to Vivendi's financial condition, results of operations, business, strategy, plans and outlook, including the impact of certain transactions and the payment of dividends and distributions, as well as share repurchases. Although Vivendi believes that such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of Vivendi's future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside our control, including, but not limited to, the risks related to antitrust and other regulatory approvals as well as any other approvals which may be required in connection with certain transactions, as well as the risks described in the documents of the Group filed by Vivendi with the Autorité des Marchés Financiers (the French securities regulator), which are also available in English on Vivendi's website ( Investors and security holders may obtain a free copy of documents filed by Vivendi with the Autorité des Marchés Financiers at or directly from Vivendi. Accordingly, we caution readers against relying on such forward-looking statements. These forward-looking statements are made as of the date of this press release. Vivendi disclaims any intention or obligation to provide, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Unsponsored ADRs. Vivendi does not sponsor an American Depositary Receipt (ADR) facility in respect of its shares. Any ADR facility currently in existence is 'unsponsored' and has no ties whatsoever to Vivendi. Vivendi disclaims any liability in respect of any such facility. Biography of Mr. Bernard Osta Bernard Osta is the Chief Financial Officer of Vestiaire Collective. Before joining Vestiaire Collective, Bernard Osta spent 15 years in Investment Banking. He started his career in the Mergers and Acquisitions division of Lazard Frères, in New York (2006 to 2009) and Paris (2009 à 2011). In 2011, he joined the Investment Banking Division of Goldman Sachs based in Paris where he held the position of Executive Director. During his investment banking career, Bernard Osta advised companies globally on complex M&A, equity financing and debt financing transactions. In 2021, Bernard Osta joined e-commerce platform Vestiaire Collective as Chief Strategy Officer. Since September 2023, he has held the position of Chief Financial Officer. He graduated from HEC Paris (Master of Science in Management). In millions of euros, except per share amounts. na: not applicable. *non-GAAP measures. As a reminder, in accordance with IFRS 5, income and charges from distributed entities following the Vivendi spin-off on December 13, 2024, i.e., Canal+, Havas, Lagardère and Prisma Media, as well as income and charges from other discontinued entities, i.e., festival and ticketing activities, are reported as follows: their contribution until the date of their effective disposal to each line of Vivendi's Consolidated Statement of Earnings (before non-controlling interests) has been reported on the line 'Earnings from discontinued operations'; these adjustments have been applied to all periods presented to ensure consistency of information; and the share of net income has been excluded from Vivendi's adjusted net income. 'EBITA' and 'adjusted net income', both non-GAAP measures, should be considered in addition to, and not as a substitute for, other GAAP measures of operating and financial performance. Vivendi considers these to be relevant indicators for the group's operating and financial performance. Vivendi's Management uses EBITA and adjusted net income for reporting, management and planning purposes because they exclude most non-recurring and non-operating items from the measurement of the business segments' performances. For any additional information, please refer to the 'Financial Report for the half-year 2025', which will be released online later on Vivendi's website ( Expand Adjusted Statement of Earnings Six months ended June 30, % Change (in millions of euros) 2025 2024 Revenues 145 134 +8.0 % Adjusted earnings before interest and income taxes (EBITA) 18 (29) na Interest (42) 44 Income from investments 80 68 Adjusted earnings from continuing operations before provision for income taxes 56 83 -31.8 % Provision for income taxes (2) 58 Adjusted net income before non-controlling interests 54 141 Non-controlling interests - - Adjusted net income 54 141 -61.6 % na: not applicable. Expand Quarterly revenues: 2025 (in millions of euros) Three months ended March 31, Three months ended June 30, Revenues Gameloft 68 75 Other 1 1 Elimination of intersegment transactions - - Total Vivendi 69 76 2024 (in millions of euros) Three months ended March 31, Three months ended June 30, Three months ended September 30, Three months ended December 31, Revenues Gameloft 68 64 69 92 Other 1 1 - 2 Elimination of intersegment transactions - - - - Total Vivendi 69 65 69 94 Expand EBITA Six months ended June 30, (in millions of euros) 2025 2024 Change EBITA Gameloft 8 (12) +20 Corporate (52) (65) +13 Vivendi's share of Universal Music Group's earnings (a) 62 48 +14 Other - - - Total Vivendi 18 (29) +47 a. Includes share of earnings of companies accounted for by Vivendi under the equity method. Expand APPENDIX III VIVENDI - CONDENSED STATEMENT OF FINANCIAL POSITION (IFRS, unaudited) (in millions of euros) June 30, 2025 (unaudited) December 31, 2024 ASSETS Goodwill 264 264 Non-current content assets 18 16 Other intangible assets 1 2 Property, plant and equipment 41 41 Rights-of-use relating to leases 31 35 Investments in equity affiliates 4,380 4,371 Non-current financial assets 2,219 2,952 Deferred tax assets 10 10 Non-current assets 6,964 7,690 Inventories - - Current tax payables 20 29 Current content assets - - Trade accounts receivable and other 97 93 Current financial assets 70 70 Cash and cash equivalents 172 39 359 232 Assets of discontinued businesses 4 7 Current assets 363 239 TOTAL ASSETS 7,327 7,929 EQUITY AND LIABILITIES Share capital 566 566 Additional paid-in capital 865 865 Treasury shares (406) (415) Retained earnings and other 3,792 3,576 Vivendi SE shareowners' equity 4,817 4,592 Non-controlling interests - - Total equity 4,817 4,592 Non-current provisions 142 162 Long-term borrowings and other financial liabilities 1,495 1,993 Deferred tax assets 141 142 Long-term lease liabilities 24 29 Other non-current liabilities - - Non-current liabilities 1,802 2,326 Current provisions 42 46 Short-term borrowings and other financial liabilities 461 668 Trade accounts payable and other 157 229 Short-term lease liabilities 13 12 Current tax payables 2 3 675 958 Liabilities associated with assets of discontinued businesses 33 53 Current liabilities 708 1,011 TOTAL LIABILITIES 2,510 3,337 TOTAL EQUITY AND LIABILITIES 7,327 7,929 Expand
Yahoo
30-06-2025
- Yahoo
Claranova: PlanetArt Division Sale to GA Credit and Management Completed
Claranova becomes a pure play software publisher Group gross debt reduced by over €90m PARIS, June 30, 2025--(BUSINESS WIRE)--Regulatory News: Claranova (Euronext Paris: FR0013426004 - CLA or "the Group") announces the successful completion of the sale of its PlanetArt division to General Atlantic Credit's Atlantic Park fund and PlanetArt's management team, on Monday June 30, 2025, for US$169.5m1 (approximately €145m). Claranova opens up a new chapter in its history by becoming a leading pure play software publisher operating in three high-potential market segments: Utilities (Adaware), PDF (SodaPDF) and Photo (inPixio). This strategic repositioning will significantly improve the Group's financial performance, with an EBITDA margin2 to exceed 20% (versus less than 10% in recent years), largely positive net income and a substantial reduction in debt. Eric Gareau, Chief Executive Officer of Claranova, commented: "The sale of PlanetArt is much more than a financial transaction. It marks a strategic turning point for Claranova. By becoming a pure play software publisher, we are affirming our ambition to become a market leader, with a clear, coherent offering driven by three strong business segments. I would like to pay tribute to Claranova's teams and our Board of Directors for their hard work over many months in bringing this plan to a positive conclusion. Their rigor, perseverance and professionalism contributed decisively to the success of this sale. This strategic transformation will provide us with a solid foundation for the future based on a streamlined organization, improved profitability, and a stronger financial structure. We are now fully focused on the future and back on track to achieving sustainable, profitable growth, capitalizing on our technological expertise and capacity for innovation." Group debt significantly reduced and financial structure strengthened As indicated in the press release of June 23, 2025, the total price for PlanetArt shares was set at US$169.5m, 82% of which was paid to Claranova (US$139m or around €119m)3 and 18% to PlanetArt managers. In connection with the PlanetArt sale, and in accordance with the independent appraiser's report and the documentation submitted to the General Meeting of June 27, 20254 (with the proposed transaction to be executed on "debt-free and cash-free" basis, PlanetArt's net cash position is thus to remain in the entity, i.e. approximately US$20m5. Claranova is expected to receive €110m on June 30, 2025, with the payment of the remaining balance deferred for 12 months. These funds, paid in a single installment upon closing of the sale, were used to significantly reduce the Group's gross debt from €153m at December 31, 2024 to €50m at June 30, 2025.6. In its press release of June 23, 2025, the Company announced a level of net financial debt in the order of €31.5m at December 31, 2024, restated on a post-Claranova transaction basis. Based on the information available to it, the Company's estimated net financial debt at June 30, 2025, after taking into account the full impact of the disposal, could be close to €40m.7 This decrease in gross debt by more than 60% since 31 December 2024, strengthens the Group's financial structure, as does the capital gain from the sale, estimated at more than €84m, which will be recorded as exceptional income in the FY 2024-2025 financial statements and will enable a return to a largely positive equity position. Claranova plans to refinance the remaining €45m of Cheyne debt as soon as possible, in order to benefit from borrowing conditions in line with its improved risk profile. Presentation of the new strategic plan on July 31, 2025 The Group will present an update on its strategic plan and multi-year objectives when it announces its annual revenue for FY 2024-2025 at an investor webinar on July 31. Financial calendar: July 31, 2025: FY 2024-2025 annual revenue and FY 2025-2030 strategic planOctober 29, 2025: FY 2024-2025 results About Claranova: Claranova is a leading provider of software solutions in the Security, PDF and Photo market segments. Reflecting its profile as a truly international group, 95% of its revenue of more than €100m comes from outside France. Through its products and solutions sold in over 160 countries, the Group's mission is to "Transform technological innovation into user-centric solutions". By leveraging its digital marketing expertise, AI and the analysis of data from over 40 million active customers worldwide, Claranova develops technological solutions, available online, on mobile devices and tablets, for a wide range of private and professional customers. Operating in high-potential markets, the Group will pursue a growth strategy focused on profitability and operational excellence, in line with its "One Claranova" strategic roadmap. Claranova is eligible for French "PEA-PME" tax-advantaged savings accountsFor more information on Claranova Group: or About General Atlantic Credit and Atlantic Park General Atlantic Credit ("GA Credit") is the dedicated credit investment platform within General Atlantic, a leading global growth investor. GA Credit's Atlantic Park strategy provides flexible capital to high-quality companies seeking a strategic partner at various stages of the corporate and economic lifecycle. This partnership approach enables Atlantic Park to create customized capital solutions tailored to a company's specific capital needs. General Atlantic manages approximately $108 billion in assets under management, inclusive of all strategies, as of March 31, 2025, with more than 900 professionals in 20 countries across five regions. For more information on General Atlantic, please visit: Disclaimer: This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the group's expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward-looking statements. These risks and uncertainties are linked to factors out of the control of the Company and not precisely estimated, such as market conditions or competitors' behaviors. Any forward-looking statements made in this document are statements about Claranova's beliefs and expectations and should be evaluated as such. Forward-looking statements include statements that may relate to Claranova's plans, objectives, strategies, goals, future events, future revenues or synergies, or performance, and other information that is not historical information. Actual events or results may differ from those described in this document due to a number of risks and uncertainties that are described within the FY 2023-2024 Universal Registration Document filed with the French financial market authority (Autorité des marches financiers or AMF) on 31 October 2024 under number D.24-0787. CODESTicker: CLAISIN: _______________________________1 This amount represents 100% of PlanetArt Holdings Inc.2 EBITDA as a percentage of revenue.3 Excluding current account debt waivers in favor of Claranova.4 Information available on the Company's website, Investors section / General Meeting / Ordinary General Meeting June 27, 2025.5 US$10m of Cathay debt repaid at closing and $30m in cash.6 Post-transaction gross debt: Cheyne €45m, BPI €4m, PGE €1m, of which €3m under 1 year.7 EUR/USD exchange rate effect. View source version on Contacts ANALYSTS - INVESTORS +33 1 41 27 19 74ir@ FINANCIAL COMMUNICATION +33 1 75 77 54 68ir@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
30-06-2025
- Business Wire
Claranova: PlanetArt Division Sale to GA Credit and Management Completed
PARIS--(BUSINESS WIRE)--Regulatory News: It marks a strategic turning point for Claranova. By becoming a pure play software publisher, we are affirming our ambition to become a market leader, with a clear, coherent offering driven by three strong business segments. Claranova (Euronext Paris: FR0013426004 - CLA or "the Group") announces the successful completion of the sale of its PlanetArt division to General Atlantic Credit's Atlantic Park fund and PlanetArt's management team, on Monday June 30, 2025, for US$169.5m 1 (approximately €145m). Claranova opens up a new chapter in its history by becoming a leading pure play software publisher operating in three high-potential market segments: Utilities (Adaware), PDF (SodaPDF) and Photo (inPixio). This strategic repositioning will significantly improve the Group's financial performance, with an EBITDA margin 2 to exceed 20% (versus less than 10% in recent years), largely positive net income and a substantial reduction in debt. Eric Gareau, Chief Executive Officer of Claranova, commented: ' The sale of PlanetArt is much more than a financial transaction. It marks a strategic turning point for Claranova. By becoming a pure play software publisher, we are affirming our ambition to become a market leader, with a clear, coherent offering driven by three strong business segments. I would like to pay tribute to Claranova's teams and our Board of Directors for their hard work over many months in bringing this plan to a positive conclusion. Their rigor, perseverance and professionalism contributed decisively to the success of this sale. This strategic transformation will provide us with a solid foundation for the future based on a streamlined organization, improved profitability, and a stronger financial structure. We are now fully focused on the future and back on track to achieving sustainable, profitable growth, capitalizing on our technological expertise and capacity for innovation." Group debt significantly reduced and financial structure strengthened As indicated in the press release of June 23, 2025, the total price for PlanetArt shares was set at US$169.5m, 82% of which was paid to Claranova (US$139m or around €119m) 3 and 18% to PlanetArt managers. In connection with the PlanetArt sale, and in accordance with the independent appraiser's report and the documentation submitted to the General Meeting of June 27, 2025 4 (with the proposed transaction to be executed on 'debt-free and cash-free' basis, PlanetArt's net cash position is thus to remain in the entity, i.e. approximately US$20m 5. Claranova is expected to receive €110m on June 30, 2025, with the payment of the remaining balance deferred for 12 months. These funds, paid in a single installment upon closing of the sale, were used to significantly reduce the Group's gross debt from €153m at December 31, 2024 to €50m at June 30, 2025. 6. In its press release of June 23, 2025, the Company announced a level of net financial debt in the order of €31.5m at December 31, 2024, restated on a post-Claranova transaction basis. Based on the information available to it, the Company's estimated net financial debt at June 30, 2025, after taking into account the full impact of the disposal, could be close to €40m. 7 This decrease in gross debt by more than 60% since 31 December 2024, strengthens the Group's financial structure, as does the capital gain from the sale, estimated at more than €84m, which will be recorded as exceptional income in the FY 2024-2025 financial statements and will enable a return to a largely positive equity position. Claranova plans to refinance the remaining €45m of Cheyne debt as soon as possible, in order to benefit from borrowing conditions in line with its improved risk profile. Presentation of the new strategic plan on July 31, 2025 The Group will present an update on its strategic plan and multi-year objectives when it announces its annual revenue for FY 2024-2025 at an investor webinar on July 31. Financial calendar: July 31, 2025: FY 2024-2025 annual revenue and FY 2025-2030 strategic plan October 29, 2025: FY 2024-2025 results About Claranova: Claranova is a leading provider of software solutions in the Security, PDF and Photo market segments. Reflecting its profile as a truly international group, 95% of its revenue of more than €100m comes from outside France. Through its products and solutions sold in over 160 countries, the Group's mission is to " Transform technological innovation into user-centric solutions". By leveraging its digital marketing expertise, AI and the analysis of data from over 40 million active customers worldwide, Claranova develops technological solutions, available online, on mobile devices and tablets, for a wide range of private and professional customers. Operating in high-potential markets, the Group will pursue a growth strategy focused on profitability and operational excellence, in line with its "One Claranova" strategic roadmap. Claranova is eligible for French 'PEA-PME' tax-advantaged savings accounts For more information on Claranova Group: or About General Atlantic Credit and Atlantic Park General Atlantic Credit ('GA Credit') is the dedicated credit investment platform within General Atlantic, a leading global growth investor. GA Credit's Atlantic Park strategy provides flexible capital to high-quality companies seeking a strategic partner at various stages of the corporate and economic lifecycle. This partnership approach enables Atlantic Park to create customized capital solutions tailored to a company's specific capital needs. General Atlantic manages approximately $108 billion in assets under management, inclusive of all strategies, as of March 31, 2025, with more than 900 professionals in 20 countries across five regions. For more information on General Atlantic, please visit: Disclaimer: This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the group's expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward-looking statements. These risks and uncertainties are linked to factors out of the control of the Company and not precisely estimated, such as market conditions or competitors' behaviors. Any forward-looking statements made in this document are statements about Claranova's beliefs and expectations and should be evaluated as such. Forward-looking statements include statements that may relate to Claranova's plans, objectives, strategies, goals, future events, future revenues or synergies, or performance, and other information that is not historical information. Actual events or results may differ from those described in this document due to a number of risks and uncertainties that are described within the FY 2023-2024 Universal Registration Document filed with the French financial market authority (Autorité des marches financiers or AMF) on 31 October 2024 under number D.24-0787. _______________________________ 1 This amount represents 100% of PlanetArt Holdings Inc. 2 EBITDA as a percentage of revenue. 3 Excluding current account debt waivers in favor of Claranova. 4 Information available on the Company's website, Investors section / General Meeting / Ordinary General Meeting June 27, 2025. 5 US$10m of Cathay debt repaid at closing and $30m in cash. 6 Post-transaction gross debt: Cheyne €45m, BPI €4m, PGE €1m, of which €3m under 1 year. 7 EUR/USD exchange rate effect.
