Clavister Q2 2018: 40% order growth

August 22, 2018. Örnsköldsvik, Sweden. Clavister (Nasdaq: CLAV), a leader in high-performance network security solutions, released its latest quarterly report today.

Second quarter 2018 at a glance: 

  • Order intake for the quarter rose by 40%, compared to the corresponding quarter last year and amounted to 29.9 (21.4) MSEK
  • Revenues increased by 25% and amounted to 26.8 (21.4) MSEK
  • Gross profit reached 19.1 (17.0) MSEK, equalling a gross margin of 71 (80)%, due to a variantion in revenue mix between the years and effects from implementing IFRS 15
  • EBIT amounted to -27.4 (-23.6) MSEK, where the cost increase is primarily driven by an accelerated build-up of the sales and marketing organization 
  • Result after financial items for the period amounted to -34.4 (-24.6) MSEK. The increased financial costs mainly driven by the loans from Tagehus and the European Investment Bank
  • Cash by the end of the period was 65.3 (26.6) MSEK 
  • Earnings per share amounted to -1.68 (-0.84) SEK

Clavister’s CEO, John Vestberg and Clavister’s CFO, Håkan Mattisson, will present the quarterly report on Wednesday, August 22, at 09:00 a.m. CET.

Link to the presentation: https://financialhearings.com/event/10644

The presentation will be recorded and can be listened to afterwards.

For further information, please contact CFO Håkan Mattisson, +46 (0)660 - 29 92 00.


About Clavister

Clavister is a leading cybersecurity vendor delivering a full range of security solutions for both physical and virtualized network environments. The stock, Clavister Holding AB, is listed at Nasdaq First North under the ticker symbol CLAV. The number of shareholders per mid-year 2018 amounted to 5,667. 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 August 22, 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.

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