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    CLAV   SE0005308558

CLAVISTER HOLDING AB (PUBL.)

(CLAV)
  Report
Delayed Quote. Delayed Nasdaq Stockholm - 01/17 11:29:54 am
5.72 SEK   +3.62%
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Clavister Q3 2021: Recurring revenues up 24%, positive EBITDA

11/11/2021 | 03:11am EST

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).

 

https://news.cision.com/clavister/r/clavister-q3-2021--recurring-revenues-up-24--positive-ebitda,c3451355

https://mb.cision.com/Main/9441/3451355/1494448.pdf

https://mb.cision.com/Public/9441/3451355/99b9fdd09353b39a.pdf

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2021 129 M 14,2 M 14,2 M
Net income 2021 -84,0 M -9,30 M -9,30 M
Net Debt 2021 185 M 20,5 M 20,5 M
P/E ratio 2021 -3,79x
Yield 2021 -
Capitalization 323 M 35,9 M 35,8 M
EV / Sales 2021 3,96x
EV / Sales 2022 3,64x
Nbr of Employees 134
Free-Float 88,8%
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Number of Analysts 0
Last Close Price 5,72 SEK
Average target price 10,75 SEK
Spread / Average Target 87,9%
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Managers and Directors
John Vestberg President & Chief Executive Officer
David Nordström Chief Financial Officer
Viktor Kovacs Chairman
Nils Undén Vice President-Engineering
Jan Magnus Frykhammar Independent Director
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