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Clavister Q3 2022: Revenue Growth and Strengthened EBITDA

MAR

November 10, 2022, Örnsköldsvik, Sweden. Clavister, a leader in high-performance cybersecurity solutions released its latest quarterly report for 2022

“The third quarter saw a moderate revenue growth, strengthened gross margin, and improved EBITDA. Number of firewall software contracts grew by 20% in the first nine months, which drives recurring revenue. The Identity and Access Management (IAM) has a continued strong growth, and we have a good momentum in the defense business.”

John Vestberg, President and CEO

The third quarter

  • Order Intake amounted to 24.9 (26.5) MSEK.
  • Net Sales amounted to 34.8 (33.1) MSEK. FX adjusted Net Sales amounted to 33.7 (33.5).
  • Recurring revenue grew with 6 (24) %.
  • Gross Profit amounted to 31.2 (29.6) MSEK, corresponding to a gross margin of 87.8 (86.7) %.
  • EBITDA amounted to 4.2 (2.6) MSEK.
  • EBIT amounted to -5.9 (-6.5) MSEK.
  • Net Profit amounted to -16.1 (-16.6) MSEK and earnings per share to -0.28 (-0.30) SEK.
  • Cash and cash equivalents amounted to 47.0 (75.1) MSEK.

The full quarterly report can be found at the Company’s web page: https://www.clavister.com/company/investor-relations/financial-reports/2022-2/

At 09:00 CET, November 10, 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/2022-2/

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 (+46 8-528 00 399, e-mail: info@fnca.se)

For more information or media inquiries contact:

For more information about Clavister, please see: https://www.clavister.com/  
 
For more information or media inquiries contact: Clavister Media Relations: clavister@aspectusgroup.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 2022-11-10 08:00 CET.

Attachments

Clavister 2022 Q3 Quarterly Report EN

Datum 2022-11-10, kl 08:00
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Clavister 2022 Q3 Quarterly Report EN
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