Clavister Q3 2018: 26% growth

November 21, 2018. Örnsköldsvik, Sweden. Clavister, a leader in high-performance cybersecurity solutions, released its latest quarterly report today.

Third quarter 2018

  • Order intake for the quarter amounted to 30.1 (23.9) MSEK, equalling a growth by 26%, compared to the corresponding quarter last year
  • Revenues amounted to 30.8 (23.9) MSEK, an increase of 29%
  • Gross profit amounted to 26.5 (17.3) MSEK
  • Gross margin amounted to 86 (73)%
  • EBITDA amounted to -5.7 (-10.4) MSEK
  • EBIT amounted to -13.3 (-16.4) MSEK
  • Result after financial items for the period amounted to -17.1 (-18.6) MSEK
  • Earnings per share amounted to -0.73 (-0.63) SEK.
  •  Cash by the end of the period was 47.5 (31.3) MSEK
    Post quarter end an additional 5 MEUR was receieved from the European Investment Bank, as part of the investment facility of 20 MEUR.

First nine months of 2018

  • Order intake amounted to 81.2 (65.8) MSEK, equalling a growth by 23%,
    compared to the first nine months of 2017
     
  • Revenues amounted to 80.4 (65.8) MSEK, an increase of 22%
  • Gross profit rose to 63.0 (50.9) MSEK
  • Gross margin amounted to 78 (77)%
  • EBITDA amounted to -45.3 (-42.8) MSEK
  • EBIT amounted to -67.7 (-58.2) MSEK
  • Result after financial items amounted to -87.8 (-62.6) MSEK
  • Earnings per share amounted to -3.95 (-2.15) SEK

The full quarterly report can be found at the Company’s web page.
At 10:00 CET Clavister’s President and CEO, Mr. John Vestberg and Clavister’s CFO, Mr. Håkan Mattisson, will present a summary for the quarter and host a Q&A session regarding the quarterly report. Link: https://clavisterevents.webex.com/clavisterevents/onstage/g.php?MTID=e9f47c59f0a270732fb4d5521768bee6d. Registration required.

For additional information regarding this press release, please contact:
Håkan Mattisson, CFO Clavister
+46 (0)660-29 92 00

About Clavister
Clavister is a leading European cybersecurity vendor with over 20 years of experience. Seated in Sweden, the company has customers in more than 150 countries; Communication Service Providers, Governments, Enterprises and Managed security service providers (MSSPs). The stock, Clavister Holding AB, is listed at NASDAQ First North. FNCA Sweden AB is the Company’s Certified Advisor.

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 person set out above, at 8:00 CET on November 21, 2018.

About Us

Clavister is a network security vendor delivering a full range of network security solutions for both physical and virtualized environments. Our network security solutions are used by a wide range of organizations throughout the world, including mobile and network security solutions for large enterprises, cloud service providers and telecom operators. Our product portfolio demonstrates world-class performance, flexibility and robustness. We continue to innovate and pioneer new and exciting areas in network security. Our Clavister product line is available both as hardware and virtual appliances. Each appliance series offers the same award-winning Clavister functionality and gives you the ultimate choice in selecting the right network security solution for your needs. This is a direct result of our constant drive to bring out innovative network security features and products to the market. Founded in 1997, Clavister has a proven track record of providing innovative solutions and leading edge security design.