Claranova SE (0N6K) Q2 2020 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you all for taking the time to attend these sessions about our semester results for Clara Nova. Before jumping with Jean-Yves inside the number of the half year, I wanted to do a brief introduction about what we achieved these past five years, because actually, Clara Nova is a five-year-old company, not the entity itself, because Clara Nova as a name is just three-year-old, but the operational reality of Clara Nova is really five-year-olds. Back when we recapitalized the company in July 2015, at this occasion, we raised 20 million. 20 million euro and with these 20 million euro over the past five years we grew a 400 million euro company. Pretty much started from scratch. The historical, if you look at the 400 million pretty much nothing is left from what we started with five years ago. a very strong growth over 50 percent looking at the past three years and what is in my sense even more remarkable is that we generate profits pretty quickly and if you look at this first half year we're talking about eight percent profits for the company uh and beyond that we also generating quite uh a big amount of cash with a net cash at the end of 2020 of 47 million euro This success was built among three different companies. Some have somehow criticized us sometime about the complexity of Claranova. The fact that we have to deal with three different businesses with a certain level of potentially, again, the lack of focus. But on the contrary, I do think that one of the main reasons of our success is the fact that we have been able to build on these three different pillars, each of them being a growth relay we can leverage on as we move on. Obviously, Planet Tarte was the first part to very quickly grow to a significant amount. But if you look at today AvonQuest, which we comp...