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Investing.com -- Claranova shares fell 3% after the company reported its financial results. The company posted EBITDA of EUR24 million with a 20.4% margin, which was in line with analyst estimates of EUR25 million.
Net income reached EUR73 million, primarily driven by the disposal of PlanetArt, which contributed a EUR101 million positive impact to the bottom line.
The company’s net debt position improved significantly, decreasing to EUR38 million, which represents a leverage ratio of 1.6x compared to the previous 2.2x.
Management reaffirmed its 2028 targets, which include sales of EUR150-160 million, an EBITDA margin between 23-25%, and a leverage ratio close to zero.
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