Claranova reported 19% underlying growth for H120, further boosted by a strong contribution from the recently acquired Personal Creations. The Mobile business continues its expansion across Europe, while the Internet business is focused on increasing the level of recurring revenues. We have revised our forecasts to reflect higher revenues offset by higher levels of investment in FY20 and FY21.
13 Feb 2020
Claranova - Q2 boosted by Personal Creations contribution
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Claranova - Q2 boosted by Personal Creations contribution
- Published:
13 Feb 2020 -
Author:
Katherine Thompson -
Pages:
5
Claranova reported 19% underlying growth for H120, further boosted by a strong contribution from the recently acquired Personal Creations. The Mobile business continues its expansion across Europe, while the Internet business is focused on increasing the level of recurring revenues. We have revised our forecasts to reflect higher revenues offset by higher levels of investment in FY20 and FY21.