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Yahoo
30-06-2025
- Business
- 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
- 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.
Business Wire
23-06-2025
- Business
- Business Wire
Claranova: Signature of Agreement for the Sale of the PlanetArt Business
PARIS--(BUSINESS WIRE)--Regulatory News: The signature of this agreement marks a major strategic milestone for Claranova, reflecting our commitment to build a more dynamic and efficient company offering a clear vision to the markets by refocusing our activities on software publishing. Share Claranova (Euronext Paris: CLA or "the Group") announces the June 22, 2025 signature of an agreement for the sale of the PlanetArt division to an entity controlled by General Atlantic Credit's Atlantic Park fund and PlanetArt's management team. Following the exclusive negotiations initiated with General Atlantic Credit 1, the parties have signed a stock purchase agreement valuing the PlanetArt business at US$175m 2 (approximately €154m). This transaction is subject to approval by the Shareholders' Meeting on June 27, 2025 and other contractual and regulatory conditions precedent with a closing date expected to be June 30, 2025. Claranova becomes a pure player in software publishing with strong ambitions to drive growth This sale, which will be submitted to a vote of the General Meeting, will pave the way for Claranova's transformation into a leading pure play software publisher with considerably improved profit ratios in relation to recent years and a level of debt reduced to a minimum. With its investment capacity restored, the Group will be able to accelerate its organic growth while focusing its marketing efforts on its three core segments, Photo, Utilities and PDF, each offering significant growth potential. Eric Gareau, Chief Executive Officer of Claranova, commented: ' The signature of this agreement marks a major strategic milestone for Claranova, reflecting our commitment to build a more dynamic and efficient company offering a clear vision to the markets by refocusing our activities on software publishing that will ultimately contribute to increasing the Company's value. By strengthening our financial structure through a significant reduction in debt, this sale will provide us with the resources to accelerate our transformation into a fully-integrated software editor. We will thus be able to focus our investment and innovation efforts on higher-value, high-potential markets, while sustainably improving our operating performance." Information about the sale Decision-making process After completing a competitive sale process, Claranova and PlanetArt's management entered into exclusive negotiations with General Atlantic Credit, considering its offer as the best in terms of price and financial, operational and commercial conditions for the Group. In accordance with AMF recommendations and market practice, and in order to ensure full transparency in the sale process and the absence of any conflict of interest, Claranova's Board of Directors established an ad hoc Strategy Committee made up of three independent directors, tasked with assisting the Board in examining the transaction, in particular with regard to its financial terms and conditions. This ad hoc Strategy Committee solicited the opinion of an independent appraiser, the auditing firm Crowe HAF, to evaluate the terms of the offer. After examining the terms and conditions of the transaction in detail, the independent expert concluded in particular that, from the point of view of Claranova's strategic decision and its market capitalization before the initiation of discussions were announced, the price proposed by General Atlantic Credit was considered fair for Claranova and its shareholders. Based on the conclusions of this report and the other information in connection with the transaction, the ad hoc Strategy Committee issued a favorable recommendation to the Board of Directors concerning the merits of the sale of the PlanetArt division to General Atlantic Credit's Atlantic Park fund and to PlanetArt's management team. Consequently, on the recommendation of the ad hoc Strategy Committee, the Board of Directors issued a favorable opinion on the proposed sale, and thereupon decided to call a General Meeting of shareholders on June 27, 2025 to issue an advisory opinion on this proposed disposal, in accordance with AMF position-recommendation 2015-05. Sale price This transaction is related to the sale of all the shares of PlanetArt Holdings Inc. (which itself controls the PlanetArt division) held by Claranova Development (a 100% subsidiary of Claranova SE). The sale price amounts US$175m (approximately €154m at current exchange rates). This sale price takes into account intra-group debts canceled in favor of Claranova as well as transaction-related costs. Claranova will thus receive US$140m in cash (in addition to the benefit of $6m in intra-group debt forgiveness), with the remaining US$29.5m to be reinvested by PlanetArt's management, in accordance with their respective rights. 3 Under the terms of the agreement between the parties, it has been agreed upon the Parties that the purchaser would retain a portion of the sale price equal to US$12.1m for a period of one year from the completion date as guarantee for certain liabilities. The remaining amount would subsequently be paid to each of Claranova for up to US$10m and to PlanetArt's management team for up to $2.1m. The Group points out that this condition is standard practice for this type of transaction. The net proceeds reverting to Claranova upon completion of the transaction, after deduction of the various transaction-related costs and the amount thus retained as security, will be US$127m (around €112m). Given that PlanetArt's carrying value (or share of net equity) amounted to €36.2m in the Group's consolidated financial statements at December 31, 2024 4, the capital gain from the disposal is estimated to sit at slightly more than €84m. Application of proceeds of the sale As announced, the proceeds from this sale will be used to reduce the Group's debt, and more specifically to reimburse a significant portion of the Cheyne loan. The Group points out that the Cheyne financing, arranged on April 1, 2024, provided for two years of guaranteed interest. As a result, Claranova is required to make interest payments until April 1, 2026, corresponding to a penalty, regardless of the outcome. In order to optimize its cash position, the Group decided to allocate approximately €100m of the Cheyne loan. This prepayment includes the face value of the loan (€87.5m), the contractual penalty (€8.3m) and the interest due for the period elapsed (€3.8m). The Group has also decided to repay the SaarLB pool debt in full for a total of €5.7m (including €0.2m in interest) in relation to the €2.5 million normally due on July 2, 2025. The financial terms, prepayment conditions and guarantees of the Cheyne loan remain the same 5, with the exception of additional collateral pledged (pledge of Avanquest pdfforge GmbH assets) as substitution for the PlanetArt entities. The financial ratios to be respected and tested quarterly, also remain unchanged, namely a net debt ratio (2.5 from 12/31/24 to 09/30/25 and 2.25 until loan maturity), an interest coverage ratio (greater than 2) and a minimum cash position of €5m. Change in performance indicators Changes in balance sheet items As a reminder, the Group's financial debt 7 at December 31, 2024 amounted to €153m. Restated after this transaction, financial debt would amount to €50m. In €m At December 31, 2024 (6 months) - H1 2025 Financial liabilities Cash Net financial debt Claranova (Reported basis) [1] 153 96.6 56.4 PlanetArt [2] 10.8 80.6 -69.8 Claranova excl. PlanetArt [3] 142.2 16 126.2 Net proceeds [4] 112 -112 Costs and interest expense [5] 5 -12.3 17.3 Cheyne loan repayment [6] -97 -97 Claranova (Restated) [7] 50.2 18.7 31.5 Figures at December 31, 2024 restated for the effects of the transaction, not taking into account changes in gross debt and cash between January 1, 2025 and the closing of the transaction. [2] Contribution of PlanetArt on 12/31/2024. [3] = [1] - [2] [4] Net of costs and escrow guarantee. [5] Balance of costs to be amortized and accrued interest of +€5m, a prepayment penalty of €(8.3)m, interest expense for the period of €(3.8)m. [6] Repayment of Cheyne loan principal for €87.5m and SaarLB pool for €9.5m (maturity of €4m paid on January 2, 2025 and balance at closing date of €5.5m). [7] = [3]+[4]+[5]+[6]. Debt as of December 31, 2024 including the transaction: Cheyne €45m, SaarLB €9m, BPI €5.5m, PGE €2m, €2.5m of remaining costs to be amortized. Expand For information, the Group's post-divestment gross debt would amount to €50m, including €3m in current gross debt. 8. General Meeting June 27, 2025 at 11 a.m. (Paris time) In accordance with the preliminary meeting notice (Avis de Réunion) and the convening notice published in the French publication for legal announcements (Bulletin des Annonces Légales Obligatoires or BALO) on May 23 and June 11, 9 respectively, Claranova's shareholders are invited to vote on this sale at the General Meeting to be held on Friday June 27, 2025 at 11 a.m. (Paris time), at the Business Center Tour Egée, 9-11 allée de l'Arche, 92400 Courbevoie. Financial calendar: June 27, 2025: General Meeting 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.), 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: 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 Press release of March 3, 2025. 2 This amount represents 100% of PlanetArt LLC and includes an intercompany debt forgiveness. 3 Roger Bloxberg and Todd Helfstein hold non-voting shares in PlanetArt LLC carrying financial rights, as well as a conversion option conferring to each a right to 10% of PlanetArt LLC's capital under certain conditions. (FY 2023-2024 URD – Chapter 2 – Note 33). 4 Interim Financial Report at December 31, 2024 (Note 19.2 to the interim consolidated financial statements). 5 FY 2023-2024 URD – Chapter 2 – Note 27.2. 6 New scope - Restated figures for PlanetArt division. 7 Excluding the IFRS 16 impact on the accounting of leases. 8 Post-transaction debt: Cheyne €45m, BPI €4m, PGE €1m, of which €3m is due within one year. 9 Press releases of May 23, and June 11, 2025 Expand CODES Ticker: CLA ISIN: FR0013426004
Yahoo
13-05-2025
- Business
- Yahoo
Claranova: FY 2024-2025 9-Month Revenue
Q3 revenue growth: +4%1 SaaS subscription-based sales now account for 92% of total revenue Deconsolidation of the PlanetArt and myDevices divisions This press release presents unaudited Group consolidated revenue, prepared in accordance with IFRS. Classification of myDevices and PlanetArt as non-current assets held for sale accounted for as a discontinued operation (IFRS 5). PARIS, May 13, 2025--(BUSINESS WIRE)--Claranova (Euronext Paris: FR0013426004 - CLA) reports 9-month revenue for FY 2024-2025 (July 2024 - March 2025), now refocused on Avanquest activities. The myDevices and PlanetArt divisions are no longer included in the Group's scope of consolidation under IFRS 5, as they are currently being sold2. This quarterly performance thus prefigures the future scope of the Group as a software publishing pure player3. Avanquest revenue trends: In €m FY 2024-2025 FY 2023-2024 Change at comparable scope Change at constant exchange rates Change at constant consolidation scope Change on a like-for-like basis Q3 revenue 31 31 2% 4% 2% 4% 9-month revenue 91 92 -1% 0% 1% 3% 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: In €m FY 2024-2025 FY 2023-2024* Comparable consolidation scope FY 2023-2024 Reported basis Change at Comparable consolidation scope Change at constant exchange rates Change at constant consolidation scope Change on a like-for-like basis Q3 revenue 31 31 94 2% 4% 2% 4% 9-month revenue 91 92 395 -1% 0% 1% 3% * 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 revenueOctober 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 accountsFor more information on Claranova Group: or 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 Revenue trends including divisions being sold (For information only) Revenue trends by division for Q3 2024-2025: In €m Jan. - Mar. 2025 (3 months) Jan. - Mar. 2024 (3 months) Change Comparable consolidation scope Change at constant exchange rates Change at constant consolidation scope Change on a like-for-like basis PlanetArt 63 61 3% -2% 3% -2% Avanquest 31 31 2% 4% 2% 4% myDevices 2 2 9% 6% 9% 5% Revenue 97 94 3% 0% 3% 0% 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% _________________________________1 At constant scope and exchange rates2 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 View source version on Contacts ANALYSTS - INVESTORS +33 1 41 27 19 74ir@ FINANCIAL COMMUNICATIONS +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
13-05-2025
- Business
- Business Wire
Claranova: FY 2024-2025 9-Month Revenue
PARIS--(BUSINESS WIRE)--Claranova (Euronext Paris: FR0013426004 - CLA) reports 9-month revenue for FY 2024-2025 (July 2024 - March 2025), now refocused on Avanquest activities. The myDevices and PlanetArt divisions are no longer included in the Group's scope of consolidation under IFRS 5, as they are currently being sold 2. This quarterly performance thus prefigures the future scope of the Group as a software publishing pure player 3. 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: or 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
