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Clavister

Clavister

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Clavister Q1 2024: Net Sales Growth 21 %, Adjusted EBITDA Margin 18 %

08:00 / 7 May 2024 Clavister Press release

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/

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