Clavister

“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/