Claranova SE (0N6K) Q4 2020 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for attending this presentation of Clara Nova annual results for our fiscal year 2021, which goes from July 20 to June 21. As introduction, we are still getting a lot of questions about who is Clara Nova, what really do we do, and I would like to take a few minutes to give a brief summary about what we do and who we are. Clara Nova is a global technology player that manages a portfolio of majority stake into a digital company with strong growth potential. Maybe the most important point to understand is that we are defining and controlling the company in the sense that we're defining the vision long term, we're defining the strategy, we are selecting the management team, we are building the organization, we are dealing with the partnerships, so we really have a controlling position as a majority shareholders. In this position, we can intervene in various situations. We can actually create the business. We will identify, develop product, service, or business model, which we think are innovative enough and we think we can build value upon. This is what we've done with Planetaert back in 2014 when we created FreePrints and we grew the company pretty much from the ground. We can also work as acquiring undervalued business, distressed business, where again we believe we can build a strong shareholder value. This is what we have done with AvantQuest. we really turn around this critical business, which has been around literally for 30 years, but also we have been acquiring several company to build a real strong SaaS software player, and in parallel, we will constantly develop strategy, commercial, technological, or financial partnership. This is what we've done, for instance, with Semtech, a US analog group, which get into my device capital, but also who are a very...