Clavister Q2 2020: All-time High Order Intake and Positive Operating Cash-flow
August 27, 2020, Örnsköldsvik, Sweden. Clavister, a leader in high-performance cybersecurity solutions, released its second quarterly 2020 interim report today.
“Our second quarter of 2020 saw record order intake, important customer contract wins as well as some operational impacts of the Covid-19 pandemic. Positive operating cash-flow in the period was mainly attributed to improved invoiced sales, higher gross margins and cost and cash management.
Our order intake for the second quarter increased by 49% (adjusted for China) and ended at an all-time high level of 55 MSEK. The increase was driven by substantial growth in almost all of our markets, and further augmented by some larger contract wins towards the end of the period.“
John Vestberg, President and CEO
Second Quarter 2020
- Revenue: 29.0 (33.1) MSEK
- Net Sales: 28.5 (32.7) MSEK
- Gross Profit: 24.3 (27.1) MSEK
- Gross Margin: 83.7 (81.9)%
- EBITDA: -7.9 (-7.2) MSEK
- EBIT: -17.2 (-17.8) MSEK
- Net Profit: -12.3 (-25.3) MSEK
- Operating Cash Flow: 9.2 (-9.2) MSEK
- Cash by End of Period: 68.4 (65.6) MSEK
- Earnings per Share: -0.48 (-1.07) SEK
The full quarterly report can be found at the Company’s web page: https://www.clavister.com/company/investor-relations/financial-reports/2020-2/
At 09:00 CET, August 27, Clavister’s CEO John Vestberg will be presenting the quarterly results in a live websession. Following the presentation, the audience will be given the opportunity to ask John Vestberg questions in a Q&A session. Register at: https://www.clavister.com/company/investor-relations/financial-reports/2020-2/
For additional information regarding this press release, please contact:
John Vestberg, President and CEO, +46 (0)660-29 92 00 or email@example.com
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 (+46 8-528 00 399, e-mail: firstname.lastname@example.org).
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 27, 2020.