May 7, 2024, Örnsköldsvik, Sweden. Clavister, a leader in European cybersecurity for mission-critical applications released its latest quarterly report for 2024.

  • Net sales grew by 21 %.
  • Clearly strengthened EBITDA margin.
  • Fully subscribed rights issue of units amounting to net 142 MSEK.

“The year started on a positive note with a quarter characterised by stability across all our businesses. We are experiencing a steady increase in interest for our solutions and are pleased to see that we are adding more and larger prospective customers to our portfolio of upcoming business opportunities”, John Vestberg, President and CEO.

The first quarter

  • Order Intake amounted to 38.0 (34.7) MSEK.
  • Annual recurring revenue (ARR) amounted to 123.5 (109.4) MSEK.
  • Net Sales amounted to 44.0 (36.4) MSEK. FX adjusted Net Sales amounted to 43.7 (35.1).
  • Gross Profit amounted to 36.2 (31.0) MSEK, corresponding to a gross margin of 80.3 (83.2) %.
  • EBITDA amounted to 7.5 (0.6) MSEK.
  • EBIT amounted to -3.7 (-9.9) MSEK.
  • Net Profit amounted to -23.3 (-21.1) MSEK and earnings per share to -0.17 (-0.37) SEK.
  • Cash and cash equivalents amounted to 137.2 (46.7) MSEK.

Events after the Reporting Period

  • There have been no significant events after the reporting period.

The full quarterly report can be found at the Company’s web page: https://www.clavister.com/company/investor-relations/financial-reports/2024-1/

At 09:00 CET, May 7, Clavister’s CEO John Vestberg and CFO, David Nordström will be presenting the quarterly results in a live web session. Following the presentation, the audience will be given the opportunity to ask John and David questions in a Q&A session. Register at https://www.clavister.com/company/investor-relations/financial-reports/2024-1/

About Clavister

Clavister is a specialised Swedish cybersecurity company, protecting customers with mission-critical applications for more than two decades. Founded and headquartered in Örnsköldsvik, Sweden, Clavister pioneered one of the first firewalls and continues to build robust and adaptive cybersecurity solutions since. Empowering a growing ecosystem of partners and resellers, we are serving customers in more than 100 countries with deployments across the public sector, energy, telecom and defence sectors.

The stock, Clavister Holding AB, is listed at Nasdaq First North Growth Market. FNCA Sweden AB is the Company’s Certified Advisor.

For additional information, please visit https://www.clavister.com/, and follow us on our official LinkedIn and YouTube channels.

For further information, please contact:
John Vestberg, President and CEO
Tel: +46 (0) 660 29 92 00
E-mail: john.vestberg@clavister.com

David Nordström, CFO
Tel: +46 (0) 660 29 92 00
E-mail: david.nordstrom@clavister.com

This information is information that Clavister Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-05-07 08:00 CEST.

Attachments

Clavister 2024 Q1 Quarterly Report EN

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