Claranova (CLA) Q1 24/25 TU earnings summary

Executive summary

• Q1 2024-2025 revenue reached €89m, down 2% at actual exchange rates, stable like-for-like, reflecting the disposal of Avanquest's non-core activities.

• PlanetArt and Avanquest divisions performed in line with expectations, while myDevices saw a continued slowdown.

• The acquisition of PlanetArt's minority interests accelerates the group's transformation and operational synergies.

Financial highlights

• Group revenue for Q1 2024-2025 was €89m, compared to €91m in Q1 2023-2024.

• Like-for-like revenue remained stable year-over-year.

• myDevices revenue declined 12% at constant exchange rates; Avanquest grew 3% like-for-like.

Outlook and guidance

• Targets reaffirmed: like-for-like CAGR of 5%-8% and annual revenue of €575-625m by 2027.

• EBITDA margin goal set at 13%-15%; net financial debt to EBITDA ratio to remain below 1x.

• Focus remains on profitability and operational excellence under the "One Claranova" roadmap.