Claranova SE (0N6K) Q2 2020 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.588 -- 00:00:06.456 Thank you all for taking the time to attend these sessions about our 00:00:06.456 -- 00:00:10.859 semester results for Clara Nova. 00:00:12.024 -- 00:00:15.148 Before jumping with Jean-Yves 00:00:15.148 -- 00:00:20.636 inside the number of the half year, I wanted to do a brief introduction 00:00:20.636 -- 00:00:22.171 about 00:00:22.171 -- 00:00:24.574 what we achieved 00:00:24.574 -- 00:00:29.861 these past five years, because actually, Clara Nova is a five-year-old company, 00:00:29.861 -- 00:00:35.049 not the entity itself, because Clara Nova as a name is just three-year-old, but 00:00:35.049 -- 00:00:40.236 the operational reality of Clara Nova is really five-year-olds. 00:00:40.236 -- 00:00:45.403 Back when we recapitalized the company in July 2015, at 00:00:45.403 -- 00:00:50.430 this occasion, we raised 20 million. 20 million euro 00:00:50.430 -- 00:00:56.281 and with these 20 million euro over the past five years we grew a 400 00:00:56.281 -- 00:01:00.508 million euro company. Pretty much started from scratch. 00:01:00.508 -- 00:01:06.799 The historical, if you look at the 400 million pretty much nothing is left from 00:01:06.799 -- 00:01:12.167 what we started with five years ago. a very strong growth over 50 00:01:12.167 -- 00:01:17.594 percent looking at the past three years and what is in my sense even more remarkable 00:01:17.594 -- 00:01:22.700 is that we generate profits pretty quickly and if you look at this first 00:01:22.700 -- 00:01:27.826 half year we're talking about eight percent profits for the company uh and 00:01:27.826 -- 00:01:33.713 beyond that we also generating quite uh a big amount of cash with a net cash 00:01:33.713 -- 00:01:39.918 at the end of 2020 of 47 million euro 00:01:40.252 -- 00:01:42.856 T...