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Currency in EUR
Last close As at 09/06/2023
EUR1.85
▲ −0.02 (−1.07%)
Market capitalisation
EUR85m
Claranova consists of three businesses focused on mobile and internet technologies: PlanetArt (digital photo printing; personalised gifts), Avanquest (consumer software) and myDevices (internet of things/IoT).
PlanetArt is evolving from a digital photo printing business into a personalised e-commerce business and is focused on expanding its product offering geographically. Avanquest, the consumer software business, is focused on developing and marketing software in three key product areas: PDF, photo editing and security/privacy. The IoT business’s myDevices platform provides a simple and effective way for SMEs and corporates to deploy IoT applications.
Director
Pierre Cesarini
CEO
Xavier Rojo
CFO
Forecast net debt (€m)
91.8
Forecast gearing ratio (%)
4590
| % | 1M | 3M | 12M |
|---|---|---|---|
| Actual | (20.7) | (6.7) | (45.3) |
| Relative | (18.5) | (5.0) | (50.3) |
| 52 week high/low | €3.9/€1.8 |
Claranova has announced that it is in discussions to sell Avanquest’s non core activities in Europe. These activities make up less than 15% of Avanquest’s revenues and do not fit with the division’s strategy of developing proprietary SaaS solutions focused on three key segments. On a lower margin than the divisional average, the disposal should improve the profitability of Avanquest.
| Y/E Jun | Revenue (€m) | EBITDA (€m) | PBT (€m) | EPS (fd) (c) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2021A | 470.6 | 36.5 | 24.2 | 37.47 | 4.9 | 2.0 |
| 2022A | 473.7 | 28.3 | 7.2 | 10.70 | 17.3 | 2.8 |
| 2023E | 516.8 | 36.0 | 9.8 | 16.44 | 11.3 | 2.4 |
| 2024E | 541.8 | 48.1 | 22.3 | 33.77 | 5.5 | 1.8 |
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