Claranova

Half-Year 2021-2022 Revenue: A Gradual Return to Growth

Regulatory News:

Claranova (Paris:CLA) reported revenue for H1 2021-2022 (July-December 2021) of €281 million, up 1% at actual exchange rates and down 2% at constant exchange rates. The Group is gradually rebounding, with €193 million in Q2 revenue, up 3% at current exchange rates, compared to a decline of 2% in the preceding quarter. At constant exchange rates and excluding the impact of the acquisitions of CafePress and I See Me!¹, Group revenue declined 6% over the period like-for-like², including a 3% decrease in Q2 2021-2022.

This gradual return to growth reflects a more limited decline in PlanetArt business in Q2 (-1%, compared to -8% in Q1 at current exchange rates) and an acceleration in software publishing activities, with 26% growth in the same quarter.

The Group continues to foresee a gradual improvement in growth by its PlanetArt division in the coming quarters, in conjunction with continued momentum in Avanquest activities.

Revenue trends by division for Q2 2021-2022:

In €m	Oct.-Dec. 2021 (3 months)	Oct.-Dec. 2020 (3 months)	Change	Change at constant exchange rates	Change at constant consolidation scope	Change at constant scope and exchange rates
PlanetArt	163	164	-1%	-4%	-3%	-6%
Avanquest	28	22	26%	20%	26%	20%
myDevices	1	1	17%	13%	17%	13%
Revenue	193	188	3%	-1%	0%