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Clavister Q3 2021: Recurring revenues up 24%, positive EBITDA

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November 11, 2021, Örnsköldsvik, Sweden. Clavister, a leader in high-performance cybersecurity solutions, released its latest quarterly report for 2021.

“We continue to grow our recurring revenues, up by 24% year-on-year in the third quarter. This is in line with our strategic direction of shifting to a pre-dominantly recurring revenue business model. Strong gross margin of 87% combined with controlled OPEX provided for positive EBITDA in the quarter.”

John Vestberg, President and CEO

The Third Quarter

  • Order Intake amounted to 26.5 (35.1) MSEK.
  • Net Sales amounted to 33.1 (39.4) MSEK. FX adjusted Net Sales amounted to 33.5 (40.2), a decrease of 6.7 MSEK.
  • Gross Profit amounted to 29.6 (37.7) MSEK, corresponding to a gross margin of 86.7 (90.6) %.
  • EBITDA amounted to 2.6 (9.1) MSEK.
  • EBIT amounted to -6.5 (1.3) MSEK.
  • Net Profit amounted to -16.6 (-10.0) MSEK and earnings per share to -0.30 (-0.39) SEK.
  • Operating Cash Flow amounted to -23.6 (-14.3) MSEK.

The full quarterly report can be found at the company’s web page: https://www.clavister.com/company/investor-relations/financial-reports/2021-2/

At 09:00 CET, November 11, Clavister’s CEO, John Vestberg and CFO, David Nordström will be presenting the quarterly results in a live websession. Following the presentation, the audience will be given the opportunity to ask John and David questions in the Q&A session. Register at https://www.clavister.com/company/investor-relations/financial-reports/2021-2/

For additional information regarding this press release, please contact:

John Vestberg, President and CEO, +46(0)660-29 92 00 or ir@clavister.com

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 (+46 8-528 00 399, e-mail: info@fnca.se).

 

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