"As we leave 2019 behind, we can look back at a year with good progress in many areas, but also with clear challenges in others. In general, we continued to execute on our growth plan, which in essence is based on scaling our profitable business model to greater volumes through a larger and more efficient go-to-market organization. We are doing this partly through a traditional two-tier channel model, and partly through global accounts where we have good probability of driving high growth.
Order intake for the full year of 2019 amounted to 147 MSEK which represents a year-on-year growth of 22%. Gross margins improved by five pp to 81%, indicating a strong product offering and a healthy business model."
Fourth quarter 2019
· Order intake increased by 8% and amounted to 42.3 (39.0) MSEK.
· Revenues increased by 1% and amounted to 32.3 (32.1) MSEK.
· Gross profit increased by 11% and amounted to 25.6 (23.0) MSEK, equal to a gross margin of 79 (72)%.
· EBITDA amounted to -19.5 (-8.9) MSEK.
· Adjusted EBITDA before items affecting comparability amounted to -13.3 (-13.4) MSEK.
· EBIT amounted to -30.3 (-22.4) MSEK.
· Result before taxes amounted to -33.7 (-30.4) MSEK.
· Earnings per share amounted to -2.42
· Operating cash flow amounted to -12.3 (-9.5) MSEK.
· Cash by the end of the period was 70.9 (82.2) MSEK.
The full quarterly report can be found at the Company's web page: https://www.clavister.com/company/investor-relations/financial-reports/q4-2019/
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