Claranova: share price boosted by good half-year results
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%.
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