Corrected: France's Claranova Q3 revenue falls amid US asset disposal and FX pressure

Clasquin SA

21/05/2026 17:21

Corrects reporting period to Q3 from Q1 sales in Key Details table

Overview

France SaaS software publisher's Q3 revenue declined 28% yr/yr, impacted by scope and FX effects

Nine-month revenue fell 12% at constant scope and exchange rates, affected by U.S. asset disposal

Recurring revenue rose to 84% of Q3 total, B2B revenue up 18.5% over nine months

Outlook

Company confirms ongoing transformation to SaaS model with focus on recurring revenue and B2B growth

Company maintains 2028 strategic objectives amid challenging market conditions

Result Drivers

SCOPE AND FX IMPACTS - Revenue decline driven by disposal of non-core U.S. operations and negative currency effects

RECURRING REVENUE GROWTH - Recurring revenue rose to 84% of Q3 total, reflecting continued shift to SaaS model

B2B AND DOCUMENT (PDF) GROWTH - B2B revenue up 18.5% over nine months; Document (PDF) business grew 6% and now accounts for 37% of group revenue

Company press release: ID:nBw25Nd68a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
EUR 23 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Claranova SE is €1.80, about 100% above its May 20 closing price of €0.90

The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 6 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)