Claranova SA

Avanquest Software and its subsidiaries are engaged in manufacturing and distributing of communication software. Co. markets its communication software through Original Equipment Manufacturer (OEM) agreements signed with international modem, computer and cellular phone vendors. Co. also sells its communication software "in shops" through a network of Resellers and, currently, on its Web sites. In addition to the software, Co. provides customers with the software medium (floppy disks or CD-ROM), and an electronics User Guide and online help, included with the product. Co.'s Customer Service department can also provide clients with technical assistance for its products.
  • TickerCLA
  • ISINFR0004026714
  • ExchangeEuronext Paris
  • SectorSoftware & Computer Services
  • CountryFrance

Analysts

Katherine Thompson

Claranova - Organic growth across the board

Claranova reported 53% year-on-year revenue growth for Q219, with organic growth of 36%. All divisions contributed to organic growth, and the Canadian businesses acquired by Avanquest also performed well. While H119 revenue growth rates are ahead of our FY19 growth forecasts, we are maintaining estimates until further detail on profitability is disclosed on 27 March. We believe that the risk to earnings is on the upside.

Julien Onillon

Claranova, Q4 2018 sales

Claranova reported further strong revenue growth in line with the previous quarter. Over the most important period of the year (the photographic printing activity doubles with the Christmas holidays), the company increased its sales by 36% on a like-for-like basis and by 51% with its recent acquisitions. This is a very good performance that leads us to revise upwards our conservative revenue and profit estimates for the current financial year.

Johann Carrier ...
  • Maxime Dubreil

INVEST SECURITIES - CLARANOVA : Nouveau semestre de très forte croissance - ACHAT, OC 1,25€

Julien Onillon

Claranova, Q3 2018 sales

As expected, Claranova recorded further very strong revenue growth in the third quarter of 2018 (Q1 of the fiscal year). Thanks to the acquisitions made in the software and Internet subsidiary (Avanquest), the company posted a 61% increase in sales, but the increase in organic sales remains exceptional at +33% year-on-year.

Katherine Thompson

Claranova - Strong organic growth in Q1

Claranova’s Q1 revenue growth of 61% y-o-y was made up of 33% organic growth and 27% growth from the recent acquisitions in the Avanquest business. All divisions showed organic growth in the quarter, prompting an upgrade to our forecasts. We lift our normalised EPS forecast by 1.9% in FY19 and 1.4% in FY20.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Jehanne Leroy

Claranova - 29 Novembre 2018

La société propose à ses actionnaires de changer son mode d'administration afin de passer à une structure moniste. Si ce changement seul ne semble pas poser particulièrement de problème, cependant la société n’explique pas clairement les objectifs de ce changement, ni même si les fonctions de Directeur Général et de Président du conseil vont continuer à être séparées. Par ailleurs le manque de transparence sur les rémunérations engendra une recommandation de vote négatif pour les résolutions 6 à 10 et de 27 à 28.

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