Claranova (CLA) Q3 2025 TU earnings summary

Executive summary

• Q3 2024-2025 revenue grew 4% at constant exchange rates, reaching €31m, with 9-month revenue at €91m, up 3% like-for-like.

• SaaS subscription-based sales now represent 92% of total revenue, up from 89% last year.

• The group is now focused on Avanquest, with PlanetArt and myDevices classified as discontinued operations and in the process of being sold.

• Strategic transformation positions Claranova as a software publishing pure player, emphasizing profitability and sustainable growth.

Financial highlights

• Q3 Avanquest revenue: €31m, up 4% at constant exchange rates and 2% at actual rates compared to Q3 last year.

• 9-month Avanquest revenue: €91m, up 3% like-for-like, but down 1% at actual exchange rates due to divestments.

• Non-core activities' sales dropped to €7m (8% of total) from €10m a year earlier.

Outlook and guidance

• Management aims to finalize the PlanetArt sale before the end of June 2025.

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