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Clavister Q4 2023: Order intake +401 %, adjusted EBITDA margin 14%

08:00 / 15 February 2024 Clavister Press release

February 15, 2024, Örnsköldsvik, Sweden. Clavister, a leader in European cybersecurity for mission-critical applications released its latest quarterly report for 2023.

  • Net sales grew by 22 %, driven by growth in all areas.
  • New defence contract worth 170 MSEK.
  • Annual Recurring Revenues (ARR) grew by 14 %.
  • Clearly strengthened EBITDA margin.

“We concluded the year on a positive note. Sales grew by 22 %, driven by growth in all areas, resulting in a significantly improved EBITDA. Order intake was record high, primarily due to a new defence contract worth 170 MSEK, and important steps were taken towards a stronger balance sheet.”

John Vestberg, President and CEO

The fourth quarter

  • Order Intake amounted to 216.9 (43.3) MSEK.
  • Annual recurring revenue (ARR) amounted to 120.3 (105.6) MSEK.
  • Net Sales amounted to 48.1 (39.6) MSEK. FX adjusted Net Sales amounted to 47.5 (37.9).
  • Gross Profit amounted to 37.6 (34.2) MSEK, corresponding to a gross margin of 77.2 (78.9) %.
  • EBITDA amounted to 6.5 (0.4) MSEK.
  • EBIT amounted to -7.1 (-10.1) MSEK.
  • Net Profit amounted to -6.8 (-32.4) MSEK and earnings per share to -0.12 (-0.57) SEK.
  • Cash and cash equivalents amounted to 38.7 (42.4) MSEK.

Events after the Reporting Period

  • Fully subscribed rights issue of units amounting to 170 MSEK.
  • Updated repayment plan with the European Investment Bank (EIB).

The full quarterly report can be found at the Company’s web page: https://www.clavister.com/company/investor-relations/financial-reports/2023-2/

At 09:00 CET, February 15, 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/2023-2/

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

Attachments

Clavister 2023 Q4 Quarterly Report EN

Show as PDF

MFN

This information was distributed by MFN https://www.mfn.se/