Claranova's share price was one of the biggest risers on the Paris Bourse on Thursday, following the publication of half-year results deemed "excellent" by analysts.

The technology company said it had generated operating income before non-recurring items (OI) of 27.5 million euros for its first half to December 31, 2023, compared with 17.4 million a year earlier, an increase of 67% at constant exchange rates (58% at actual exchange rates).

By way of comparison, Claranova had initially set itself a growth target of over 50% on a reported basis.

This performance enabled its operating margin to rise to 9.1%, compared with 5.5% for the first half of 2022-2023, an all-time high.

Net income also improved significantly, returning to a profit of 2.2 million euros, compared with a loss of -4.5 million euros a year earlier.

The group confirmed its forecast of an operating margin of around 10% for the full 2023-2024 financial year, compared with the current consensus of 9.7%.

At 11:45 a.m., the digital company's share price was up by more than 7%.

Copyright (c) 2024 CercleFinance.com. All rights reserved.