Claranova (CLA) Q3 25/26 TU earnings summary

Executive summary

• Nine-month revenue reached €71 million, with €23 million in Q3, reflecting a strategic shift to SaaS and enhanced AI integration.

• Recurring revenue accounted for 81% of nine-month revenue and 84% in Q3, highlighting the focus on subscription-based models.

• B2B revenue accelerated, growing 18.5% over nine months, supported by new sales structures and strategic partnerships.

• Document (PDF) business grew 6% over nine months, now representing 37% of total revenue, up from 29% a year ago.

Financial highlights

• Nine-month revenue declined 12% year-over-year at constant scope and exchange rates, with a 22% drop at actual rates due to currency and scope effects.

• Q3 revenue was €23 million, a 17% decline at constant scope and exchange rates compared to the prior year.

• Negative currency impact was 5 percentage points; scope effect from U.S. operations disposal was also 5 points.

Outlook and guidance

• Strategy remains aligned with 2028 objectives, focusing on SaaS, recurring revenue, and B2B expansion.

• Growth trajectory expected to continue, driven by AI integration and higher customer lifetime value.