November 9, 2023, Örnsköldsvik, Sweden. Clavister, a leader in high-performance cybersecurity solutions released its latest quarterly report for 2023

  • Order growth primarily driven by the Next-Generation Firewall (NGFW) and Defence businesses.
  • Continued net sales growth with clearly improved adjusted EBITDA margin.
  • Solid growth of annual recurring revenue (ARR).
  • Formal contract negotiations entered with a European defence customer – estimated total contract value of 160 MSEK.
  • Ongoing negotiations with the European Investment Bank (EIB) regarding an updated payment plan that is better aligned with Clavister’s growth profile and cash flow

“The third quarter saw Clavister taking further distinct and important steps on our journey towards profitable growth. We see the results of our cost and margin focus, delivering a solid adjusted EBITDA margin in the quarter. Extensive product shipments took place during the period, and we have initiated negotiations with a European defence customer regarding a significant defence contract.”

John Vestberg, President and CEO

The third quarter

  • Order Intake amounted to 28.5 (24.9) MSEK.
  • Annual recurring revenue (ARR) amounted to 114.9 (99.8) MSEK.
  • Net Sales amounted to 37.7 (34.8) MSEK. FX adjusted Net Sales amounted to 36.6 (33.7).
  • Gross Profit amounted to 31.3 (31.2) MSEK, corresponding to a gross margin of 79.3 (87.8) %.
  • EBITDA amounted to 7.2 (4.2) MSEK.
  • EBIT amounted to -5.1 (-5.9) MSEK.
  • Net Profit amounted to -8.9 (-16.1) MSEK and earnings per share to -0.16 (-0.28) SEK.
  • Cash and cash equivalents amounted to 18.6 (47.0) MSEK.

No material post-closing events have occurred.

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 16, 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 European cybersecurity company, protecting complex digital businesses 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 have been serving customers in more than 100 countries with 125,000+ deployments across public sector, service provider and defence sectors. Network, cloud, mobile, end points - we secure them all.
 
The stock, Clavister Holding AB, is listed at Nasdaq First North Growth Market. FNCA Sweden AB is the Company’s Certified Advisor.

For more information about Clavister, please visit:
https://www.clavister.com/
 
For media inquiries, please contact:
Camilla Törnblom, Director of Marketing, Clavister
E-mail: camilla.tornblom@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 2023-11-09 08:00 CET.

Attachments

Clavister 2023 Q3 Quarterly Report EN

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