November 7, 2024, Örnsköldsvik, Sweden. Clavister, a leader in European cybersecurity for mission-critical applications released its latest quarterly report for 2024.
- Positive Operating Profit (EBIT)
- Net Sales grew by 16 % (21 % FX-adjusted).
- Order intake grew by 31 %.
"We reached a significant milestone with positive operating profit (EBIT) in the third quarter. Revenue grew by 16 % (21 % FX-adjusted), and both gross margin and EBITDA margin strengthened. We signed key customer agreements across all business operations and got our first product included in NATO's product catalog.", John Vestberg, President and CEO.
The third Quarter
- Order Intake amounted to 37.4 (28.5) MSEK.
- Annual recurring revenue (ARR) amounted to 126.9 (114.9) MSEK.
- Net Sales amounted to 43.8 (37.7) MSEK. FX adjusted Net Sales amounted to 44.2 (36.6).
- Gross Profit amounted to 36.7 (31.3) MSEK, corresponding to a gross margin of 80.4 (79.3) %.
- EBITDA amounted to 10.6 (7.2) MSEK.
- EBIT amounted to 0.7 (-5.1) MSEK.
- Net Profit amounted to -5.1 (-8.9) MSEK and earnings per share to -0.02 (-0.16) SEK.
- Cash and cash equivalents amounted to 115.3 (18.6) MSEK.
Events after the Reporting Period
- The subscription rate for series TO8 amounted to approximately 97.8 % and Clavister receives proceeds of approximately SEK 49.8 million before deduction of issuing costs.
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, November 7, 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.
Contact Information
For further information, please contact:
John Vestberg, President and CEO
Email: 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 2024-11-07 08:00 CET.
