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Clavister Q2 2023: Order Intake +43%, Greatly Improved EBITDA

MAR

August 24, 2023, Örnsköldsvik, Sweden. Clavister, a leader in high-performance cybersecurity solutions released today its second quarterly report for 2023.

· Order intake increased with 43.1% and amounted to 44.5 MSEK.
· Annual recurring revenue (ARR) increased with 14% and amounted to 112.6 MSEK.
· Positive and greatly improved EBITDA.

“The second quarter saw strong order growth, positive trajectory across both our base businesses and our 5G security business, as well as positive EBITDA for the fourth consecutive quarter.”

John Vestberg, President and CEO

The second quarter
· Order Intake amounted to 44.5 (31.1) MSEK.
· Annual recurring revenue (ARR) amounted to 112.6 (98.8) MSEK.
· Net Sales amounted to 38.4 (35.7) MSEK. FX adjusted Net Sales amounted to 36.8 (34.8) MSEK.
· Gross Profit amounted to 33.1 (28.6) MSEK, corresponding to a gross margin of 83.8 (77.8) %.
· EBITDA amounted to 3.4 (-10.1) MSEK.
· EBIT amounted to -8.5 (-20.3) MSEK.
· Net Profit amounted to -28.6 (-38.2) MSEK and earnings per share to -0.51 (-0.68) SEK.
· Cash and cash equivalents amounted to 26.6 (66.0) MSEK.

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, August 24, 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 see:
https://www.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 2023-08-24 08:00 CEST.

Attachments

Clavister 2023 Q2 Quarterly Report EN

Datum 2023-08-24, kl 08:00
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Clavister 2023 Q2 Quarterly Report EN
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