Claranova (CLA) Q1 26/27 TU earnings summary

Executive summary

• Q1 (Jul–Sep 2026) revenue was €20.7m, down 13.4% reported and 6.7% like-for-like; the like-for-like decline narrowed for a second consecutive quarter.

• The period is the first quarter of an exceptional six-month fiscal year ahead of the move to calendar-year reporting in 2027.

Financial highlights

• Reported revenue fell 13.4%, including a 6.6-point consolidation-scope impact from the October 2025 divestment of Avanquest North America and a 0.1-point negative currency impact.

• Like-for-like revenue declined 6.7%, versus declines of 10.8% in Q4 and 17.3% in Q3 2025–2026.

Segment performance

• Document/PDF revenue was €8.1m, up 5.6% like-for-like, with B2B sales up 9.0%.

• Utilities software revenue grew 15.9% like-for-like, while total Utilities revenue declined 11.6%, weighed by its advertising component.

• Photo revenue declined 39.7% like-for-like as the business prioritized profitability.