Claranova's H1 2024-2025 Revenue: A Closer Look at PlanetArt, Avanquest, and myDevices

Claranova, a global leader in e-commerce for personalized objects, software publishing, and the Internet of Things (IoT), reported its H1 2024-2025 revenue in a recent press release. The company's strategic roadmap, "One Claranova," aims to create a more integrated group focused on operational excellence and profitability. This article will delve into the revenue performance of Claranova's PlanetArt, Avanquest, and myDevices divisions during the first half of the fiscal year.



PlanetArt: Steady Performance and Synergies
PlanetArt, Claranova's e-commerce division for personalized objects, reported stable revenue of €60m for Q1 2024-2025. The division's performance was driven by the strong performance of its mobile and web-based offerings. Teams are working on improving returns on marketing investments and optimizing the division's costs. The implementation of synergies under the "One Claranova" roadmap will contribute to economies of scale and an acceleration in the division's sales.



Avanquest: Improved Margins and Core Business Focus
Avanquest, Claranova's software publishing subsidiary, reported revenue of €27m for Q1 2024-2025, up 3% like-for-like (-6% at actual exchange rates). The division benefited from the disposal of its non-core activities in Europe, which were adversely affecting its performance. The percentage of core business consisting of the sale of proprietary SaaS solutions accounted for 91% of the division's revenue for the quarter (87% last year), or €25m (+2% on a like-for-like basis). Sales growth in the Security segment offset the slowdown in the PDF and Photo segments. Efforts to reduce operating costs enabled the division to improve margins over the period.



myDevices: Strategic Sale and Revenue Decline
In Q1 2024-2025, revenue for myDevices, Claranova's IoT division, was €1.9m, down 12% at constant exchange rates (-13% at actual exchange rates) compared to last year's first quarter. As a reminder, this division provides little synergy with the Group's other activities and is no longer considered strategic. Consequently, Claranova has retained the investment bank Canaccord Genuity to sell this division, with the aim of completing the transaction within the next few months. This strategic move is expected to contribute to the Group's overall profitability and focus on its core businesses.

In conclusion, Claranova's H1 2024-2025 revenue performance reflects the strategic initiatives undertaken by the company to improve the profitability of its core divisions. The disposal of non-core activities in Avanquest, the strong performance of PlanetArt's mobile and web-based offerings, and the planned sale of myDevices have all contributed to the company's overall revenue and profitability. As Claranova continues to execute its "One Claranova" roadmap, investors will be watching closely to see if the company can achieve its medium-term objectives of €575 to €625 million in revenue and a 13% to 15% EBITDA margin by 2027.