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Clavister Q2 2024: 17 % Net Sales Growth

MAR

August 22, 2024, Örnsköldsvik, Sweden. Clavister, a leader in European cybersecurity for mission-critical applications released its latest quarterly report for 2024.

  • Net Sales adjusted for currency effects grew by 23 %.
  • Significant order from a European Public Administration Agency and increased inflow of business opportunities with larger public authorities and private companies.
  • Memorandum of understanding with Thales regarding cybersecurity to the defence sector.

“We continue on our transformation journey, closing another quarter with growth and improved results. We have established a positive EBITDA level for some time now and are steadily moving towards a positive operating profit (EBIT)”, John Vestberg, President and CEO.

The second quarter

  • Order Intake amounted to 50.3 (44.5) MSEK.
  • Annual recurring revenue (ARR) amounted to 125.0 (112.6) MSEK.
  • Net Sales amounted to 44.8 (38.4) MSEK. FX adjusted Net Sales amounted to 45.1 (36.8).
  • Gross Profit amounted to 36.6 (33.1) MSEK, corresponding to a gross margin of 79.2 (83.8) %.
  • EBITDA amounted to 5.2 (3.4) MSEK.
  • EBIT amounted to -6.6 (-8.5) MSEK.
  • Net Profit amounted to -10.1 (-28.6) MSEK and earnings per share to -0.04 (-0.51) SEK.
  • Cash and cash equivalents amounted to 129.9 (26.6) 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, August 22, 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/

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
+46 (0) 660 29 92 00
john.vestberg@clavister.com

David Nordström, CFO
+46 (0) 660 29 92 00
david.nordstrom@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 2024-08-22 08:00 CEST.

Attachments

Clavister 2024 Q2 Quarterly Report EN

Datum 2024-08-22, kl 08:00
Källa MFN
Bifogade filer
Clavister 2024 Q2 Quarterly Report EN
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