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Selskabsmeddelelse

Clavister Q1 2023: ARR +16%, Reduced OPEX, Greatly Improved EBITDA

Clavister
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May 10, 2023, Örnsköldsvik, Sweden. Clavister, a leader in high-performance cybersecurity solutions released today its first quarterly report for 2023.

· Annual recurring revenue (ARR) increased with 16 % and amounted to 109.4 MSEK.
· Adjusted OPEX decreased with 11 %.
· Positive and greatly improved EBITDA.

“The year began with a stable development of our base businesses, increased sales, reduced costs, and improved cash flow. We see more and larger business opportunities with various actors within the defense sector.”

John Vestberg, President and CEO

The first quarter
· Order Intake amounted to 34.7 (37.0) MSEK.
· Annual recurring revenue (ARR) amounted to 109.4 (94.4) MSEK.
· Net Sales amounted to 36.4 (32.6) MSEK. FX adjusted Net Sales amounted to 35.1 (32.1).
· Gross Profit amounted to 31.0 (27.7) MSEK, corresponding to a gross margin of 83.2 (81.9) %.
· EBITDA amounted to 0.6 (-5.4) MSEK.
· EBIT amounted to –9.9 (-15.1) MSEK.
· Net Profit amounted to -21 (-26.2) MSEK and earnings per share to -0.77 (-0.46) SEK.
· Cash and cash equivalents amounted to 46.7 (84.4) MSEK.
No material post-closing events have occurred.

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, May 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/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 or media inquiries contact:


For more information about Clavister, please see:
https://www.clavister.com/  
 
For more information or media inquiries contact:
Camilla Tornblom, Camilla.Tornblom@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 2023-05-10 08:00 CEST.

Attachments


Clavister 2023 Q1 Quarterly Report EN

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