Claranova (CLA) Q4 23/24 TU earnings summary

Executive summary

• FY 2023-2024 revenue remained steady at €496m, with a marginal increase on a like-for-like basis year-over-year.

• Focus on higher-margin recurring revenue and profitability, with EBITDA margin around 10% confirmed for the year.

• Management is finalizing a new strategic plan to be presented with annual results, aiming to strengthen market position and innovation.

Financial highlights

• Group revenue for FY 2023-2024 was €496m, down 2% at actual exchange rates but flat at constant scope and exchange rates compared to the prior year.

• Q4 revenue was €100m, down 2% year-over-year at actual rates.

• Net financial debt at June 30, 2024, stood at €102m, down from €112m the previous year.

Outlook and guidance

• EBITDA margin target of approximately 10% for FY 2023-2024 is maintained.

• Management expects significant improvement in operating profitability, especially in PlanetArt and Avanquest divisions.

• myDevices division anticipates renewed growth as delayed projects are completed.