03 September 2020
Claranet Portugal reaches turnover of more than 120 million euros
Executive Digest
Claranet Portugal, the company with offices in Porto, reached a turnover of 121 million euros in the last twelve months, "driven by organic growth in all its areas".

The results contributed to the Claranet business in Portugal corresponding "already to about 27% of the total revenues of the Group, which reached a turnover of approximately 450 million euros in the same period". In the last three years, the company has registered an accumulated growth of around 50% in turnover.
In the note disclosed, it is also mentioned that the company "ended the fiscal year of 2020 with an EBITDA (earnings before interest, taxes, and amortizations) of more than 7 million euros, which represents a growth of 20% over the previous year. During the last 3 years, Claranet Portugal has managed to register an annual growth above or equal to 20%".
Claranet Portugal currently has 650 employees, who have driven the increase in "a turnover almost twenty times greater than that of Spain". The company estimates "to continue growth, despite the challenges related to the economy, following the pandemic that occurred in recent months", as explained by the group's executive in Portugal, António Miguel Ferreira.

The official adds: "We cannot be complacent with the success of the past, we want to print a greater pace of change on Claranet itself, to continually reinvent ourselves and prepare a better future. We want to continue to innovate, to support the digitization of companies, and to obtain higher levels of efficiency in IT (information technology) management".
Porto. City Council
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